Adjustment of Futures and Options contracts in the security REC Limited
REC Limited conducted a meeting with its Board of Directors on 6th November 2020. As per this meeting, it has declared, to the Exchange, an Interim Dividend of Rs. 6 per equity share on equity shares of Rs.10/- each, of the Company.
Adjustments for Futures Contracts:
The base price of the Futures contracts on 13th November 2020, will be reference rate less aggregate amount of dividend i.e. Rs. 6/-. 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 the dividend i.e. Rs. 6/- 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 November 2020, you may see a slight deviation in c/f average price of RECLTD due to the corporate action mentioned above.
Download the Upstox App Today