Open Text Corporation
Open Text Corporation (NASDAQ: OTEX) is trading at $22.42, about ₹2,154 at today's USD/INR rate, as of 30 Sep 2026, 4:00 PM ET, up 0.49% today. Indian residents can buy Open Text from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$22.25
Today's high
$22.61
52 week low
$19.77
52 week high
$39.90
OTEX opened at $22.40, closed previously at $22.31, and has traded between $19.77 and $39.90 over the past 52 weeks.
About
Open Text Corporation specializes in the creation, development, and distribution of advanced software and comprehensive solutions designed for information management. Its extensive portfolio encompasses vital areas such as content services and a sophisticated business network that facilitates data management both internally and across external boundaries. The company also delivers robust security and protection measures to counter cyber threats, ensure business continuity, and enable effective breach response, including digital investigation, forensic security tools, and specialized OpenText cyber resilience offerings, augmented by popular products like Carbonite and Webroot. At the core of its technology stack is the OpenText Information Management software platform. Other key features include an eDiscovery platform for forensic analysis and unstructured data analytics, the OpenText Developer Cloud providing essential API services, and powerful AI and analytics capabilities for both structured and unstructured data. Furthermore, Open Text offers digital process automation solutions, empowering organizations to evolve into data-driven entities, alongside the OpenText Digital Experience platform. Beyond its software, the company provides comprehensive customer support, offering access to software upgrades, an extensive knowledge base, community discussions, product insights, and an online system for managing trouble tickets. It also delivers expert consulting and training services for product implementation, integration, and user education, coupled with scalable cloud services. Serving a diverse global clientele that includes large enterprises, mid-market firms, government agencies, small and medium-sized businesses, and individual consumers, Open Text maintains a significant international presence. Its operations span Canada, the United States, the United Kingdom, Germany, the wider European region, the Middle East, Africa, and various other international markets. The company fosters strategic alliances with industry leaders such as SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, and Salesforce.com Corporation, as well as major consulting and IT services providers like Accenture plc, ATOS, Capgemini Technology Services SAS, Cognizant Technology Solutions U.S. Corp., Deloitte Consulting LLP, and Tata Consultancy Services. Open Text Corporation was established in 1991 and maintains its headquarters in Waterloo, Canada.
Key statistics
Avg. volume
2.18M
Market cap
$5.44B
P/E Ratio
4.96
Price-to-sales ratio
0.59
Enterprise value
$10.53B
Free cash flow yield
14.64%
Debt-to-equity ratio
1.49
Return on equity
16.02%
ROIC
7.66%
Beta
1.03
Dividend yield
4.93%
Last dividend
$1.11
Financial overview
Revenue
$5.25B
Earnings per share
$2.58
Free cash flow
$807.52M
Net profit margin
12.36%
Gross margin
73.55%
EBITDA
$1.47B
Revenue growth
1.51%
Similar securities
This is not an investment recommendation
How to buy Open Text from India
Indian residents can buy Open Text shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Open Text and place an order
Find Open Text by name or by its ticker, OTEX, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Open Text trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Open Text position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Open Text from India
Trading and taxes when buying Open Text from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Open Text’s current yield is 4.93%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Open Text stock?
Yes. Open Text (OTEX) has been listed on NASDAQ since 1996, in the Software - Application industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Open Text share cost in rupees?
One Open Text share is $22.42 — about ₹2,154 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the Open Text price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Open Text from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Open Text?
Yes. One Open Text share is $22.42, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Open Text.
How are gains on Open Text shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Open Text price. Paasa issues a capital-gains statement for your return.
Does Open Text pay a dividend, and how is it taxed in India?
Yes. Open Text pays a dividend and the current yield is 4.93%; the last declared dividend was $1.11 per share, about ₹106.15. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Open Text from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is Open Text a United States company, and does that change how it is taxed?
Open Text trades on NASDAQ in US dollars, but the company is domiciled in Canada. Open Text trades as an ordinary share listed directly in the US, not a depositary receipt. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Your India-side capital-gains treatment is the same either way.
Do I have to declare Open Text shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Open Text holding, its cost and its closing value.
How do I sell Open Text and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.