I had purchased a VEDL NOV180PE option on 1 November 2018
and on 6 November 2018 and suddenly the contract got changed to VEDL NOV163PE.
As asking the broker about it they told it because of dividend get adjusted…
Vedanta (VEDL) Declared 17Rs divident so they minus 180-17 = 163
And so the contract VEDL NOV163PE.
Does such kind of case happened with any one as i am new to options…
And also eager to know what if i have bough a CE option of the same will i be eligible for 17 rs hike
Please any can help me with this topic