Majesco has paid 974 as dividend, last close 972.

Buyback last month was at 845.

Residual company now. The have sold out to Majesco US

Real estate worth ~ 70cr likely to be sold.

They will have to run company till it is wound up. So cash generated will go in expenses.

If one buys today at 1000, one gets Rs974 (as dividend) and pay 325 in tax.

Left with Rs650 cash and a share worth Rs35.

The remaining cash is also likely to be given as final dividend...

It makes sense for only those who want to offset some tax losses. Otherwise one looses 25-43% depending on the tax status.

Disc : No investment position. Only a view. Do your own due diligence.