The record date is 18-OCT (Fri). On 21-OCT (Mon) the stock price should, theoretically, open INR 40 lower. Or somehow both prices should tend to converge, hopefully within the same day.
The record date is 18-OCT (Fri). On 21-OCT (Mon) the stock price should, theoretically, open INR 40 lower. Or somehow both prices should tend to converge, hopefully within the same day.
So it actually happened today, today being the Ex-dividend day. Stock Price and Future Price converged.
It reinstated the concept of Ex-dividend date, Record Date and T+2 settlement for me. All good.