"We clarify to the market that the payable date and ex-dividend date for our ADRbonus issue, or stock dividend, are yet to be determined," said the city-based IT major in a regulatory filing on the NYSE.
At NYSE, for ADR stock dividends or bonus issue, the ex-dividend date is set as the first business day after the stock dividend is paid, which is also after the record date.
"Therefore NYSE has not yet declared an ex-dividend date for our ADR programme. Once the payable date is declared, the NYSE will announce the ex-dividend date for the ADR," it said in the fiiling.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.