A company trading at 12 Rupees per share declares a dividend of 77 Rupees per share. Now, what will be the value of the share on ex dividend date?
in such case regulatory ADJUSTED price on EX date will be face value of shares…This was clarified by regulators during Majesco India dividend of 974 per share in December 2020 .Private dealers are quoting 2500- 3500 per share for this " listed but not traded " share TAPARIA TOOLS ltd similar case like ELCID INVESTMENTS ltd where quotes are 1 lac 35000 to 1 lac 50000 per share !