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| Exchange Received Time 15/10/2018 13:46:03 Exchange Disseminated Time 15/10/2018 13:46:06 Time Taken 00:00:03 | In continuation to our Letter VEDL/Sec./SE/18-19/110 dated October 10, 2018, kindly note that the dividend per preference share shall be calculated based on the below formula:
(((No. of RPS *Face Value)*((Rate)/100))*No. of days)/365
Face Value: Rs. 10 each
Rate: 7.5%
No. of days: 210 i.e. from April 1, 2018 till October 27, 2018
The amount obtained from the above formula shall be considered upto two decimal places.
Considering the aforementioned calculations, the amount of dividend for 1 preference is working out to be Rs. 0.43. However, the complete formula shall be applied for calculations. |
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