Adjustment of Futures and Options contracts in the security PFC
In pursuance of SEBI Master circular, no SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016, and SEBI circular no. CIR/MRD/DoP-1/P/00108/2018 dated July 5, 2018;
POWER FINANCE CORPORATION LIMITED has informed the Exchange that Board of Directors at its meeting held on February 12, 2020, has declared Interim Dividend of Rs 9.50 per equity share. The record date for the purpose of payment of the dividend is March 02,2020.
Symbol: PFC
Corporate Action: Interim dividend of Rs. 9.50 per share
Ex-date: February 28, 2020
Adjustments for Futures Contracts:
The base price of the Futures contracts on February 28, 2020, will be reference rate less aggregate amount of dividend i.e. Rs. 9.50/-. The reference rate to be reckoned for this purpose shall be the daily mark to the market settlement price of the relevant futures contract.
Adjustments for Options Contracts:
The full value of dividend i.e. Rs. 9.50/- would be deducted from all the cum-dividend strike prices on the ex-dividend date. The details of the old and corresponding new options contracts that shall be available for trading from February 28, 2020, would be notified on February 27, 2020.
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