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25 Mar 2019, 03:00 PM
Adjustment of Futures and Options contracts in the security ONGC
Oil & Natural Gas Corporation Limited (ONGC) has declared an interim dividend of Re.1 per equity share. The record date for the purpose of payment of dividend is March 27, 2019.
Base price of the Futures contracts on March26, 2019 will be reference rate less aggregate amount of dividend i.e. Re. 1/-. The reference rate to be reckoned for this purpose shall be the daily mark to market settlement price of the relevant futures contract.
The full value of dividend i.e. Re. 1/-would be deducted from all the cum-dividend strike prices on the ex-dividend date.
The above changes shall be effective from March 26, 2019. Click here for the NSE circular.