Wipro (₹238*) announced an interim dividend of ₹6 on January 19. The face value per equity share is ₹2. The dividend will lead to necessary adjustments in the futures and options (F&O) contracts on this stock on the record date.
The company has decided January 27 as the record/effective date. On this day, the stock price and all derivatives contracts on Wipro will be adjusted appropriately.
With respect to adjustment in futures contracts, the reference rate of the relevant contract on January 23 will be considered. Reference rate will be the mark-to-market settlement price of the relevant futures contract. So, the open positions shall be carried forward to January 27 at the daily settlement price on January 23 minus ₹6, the dividend amount.
The January expiry futures closed at ₹238* on January 23. It will be revised to ₹*232 (₹238* less ₹6). Hence, the contract value will come down.
Likewise, in options, all the strike prices in the option chain of Wipro will be subtracted by ₹6 from January 23. For example, the strike price of 245 and 250 will be modified to 239 and 244 respectively.
That said, the above measures are not likely to impact the overall trend of this stock. So, traders can stick to their views and are only required to note the changes in the contracts that they hold.
Published on January 24, 2026
