Indus Towers Limited (INDUSTOWER) conducted a meeting with its Board of Directors on 5th May 2022. As per this meeting, it has declared, to the...
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Oracle Financial Services Software (OFSS) conducted a meeting with its Board of Directors on 4th May 2022. As per this meeting, it has declared, to the Exchange, an Interim Dividend of ₹190 per equity share on equity shares of ₹5/- each, of the Company.
The record date for the purpose of payment of dividend is 17th May, 2022
Adjustments for Futures Contracts:
The base price of the Futures contracts on 13th May 2022, will be the reference rate less aggregate amount of dividend i.e.₹190. The reference rate for this purpose shall be the daily mark to market settlement price of the relevant futures contract.
Adjustments for Options Contracts:
The full value of dividend i.e. ₹190 would be deducted from all the cum-dividend strike prices on the ex-dividend date.
To know more, read the circular here.
Note: For all positions taken before 13th May 2022, you may see a slight deviation in the carried forward (c/f) average price of OFSS due to the corporate action mentioned above.
