Coal india has declared Rs.7.5 divident per share.
Exdate is 19.11.2020
I want to know how the price adjustment happens for future contract when divident is declared.
The closing price of Coal india future contract on 18.11.2020 is 128.25 and got opened on 19.11.2020 at 121.75. How the Future trader gets impact with corporate action? Please explain