tcs latest news | tcs share value down by 50%

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the latest news on tcs news , the tcs share price is down because tcs has issued 1:1 bonus shares

Tata Consultancy Services (TCS) has been fixed June 17, 2009 as the Record Date for the purpose of issue of Bonus shares in the Ratio of 1:1 (one bonus share of the Company of Re.1/- each for every one equity share of the Company held by the Shareholders of the Company) as recommended at their Board Meeting held on April 20, 2009 and subsequently approved by its shareholders, as per the data available on NSE website.

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Adjustment factor:

Adjustment factor for Bonus issue of A: B is defined as (A+B)/B. In the case of TCS, the adjustment factor is 2/1 =2 since the bonus issue ratio is 1:1.

Adjustments for Options Contracts:

1. Strike Price: The adjusted strike price shall be arrived at by dividing the old strike price by the adjustment factor.

2. Market Lot: The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 1000.
Adjustments for Futures Contracts:

1. Futures Base Price: The adjusted Futures Base Price shall be arrived at by dividing the old Futures Base Price by the adjustment factor.

2. Market Lot: The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 1000.

The above changes shall be effective from June 16, 2009.

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