NSE has announced an adjustment in Futures & Options (F&O) contracts for Hero MotoCorp Limited (HEROMOTOCO) following the company’s declaration of an interim dividend of ₹100 per share.
Key Dividend Details
- Company: Hero MotoCorp Ltd.
- Face Value: ₹2 per share
- Dividend Amount: ₹100 per share (Interim Dividend)
- Ex-date & Effective Date: February 12, 2025
- Revised option strike prices: To be provided one day before the ex-date.
What this means for traders:
- The price of Hero MotoCorp’s futures and options contracts will be adjusted to reflect the dividend payout.
- Ensure your trading systems are updated with the latest contract details before trading on the ex-date.
You can read the full NSE circular here: https://nsearchives.nseindia.com/content/circulars/FAOP66568.pdf