majesco dividend: BSE tweaks adjusted price rule: How will it affect Majesco stock?
Explore Now NEW DELHI: Shares of Majesco traded higher on Tuesday, after BSE tweaked the policy for adjustment of dividend in base price before the stock goes ex-dividend. Sameer Vaze, AGM-Trading Operations at BSE said in case the difference between closing price of ex-date minus one day and the payable dividend is greater than the face value, then the adjusted price will be equal to the closing price reduced by dividend amount. For this, higher of the closing price across the exchanges shall be considered. “[Conversely], in case the closing price on ex-date minus one day reduced by divide...
Source: indiatimes.com