Announcements

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 Exchange, an Interim Dividend of ₹11  per equity share on equity shares of ₹10/- 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.₹11. 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. ₹11 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 INDUSTOWER due to the corporate action mentioned above.