NSE · Derivatives · Low
NSE adjusts UNIONBANK F&O contracts for ₹5 dividend
All open positions in UNIONBANK futures and options will see strike prices and settlement values reduced by ₹5 per share after the ex-dividend date of July 3, 2026.
What changed
- Futures MTM settlement reduced by ₹5 on last cum-dividend date July 2, 2026.
- Options strike prices reduced by ₹5 on ex-dividend date July 3, 2026.
The read
NSE is adjusting UNIONBANK derivatives for a ₹5 per share dividend. On July 2, futures will be marked-to-market at the settlement price less ₹5; on July 3, option strikes will drop by ₹5, rounded to the nearest tick. This is purely mechanical. No economic value changes; open positions adjust automatically. A moderate, procedural event that requires no action from holders.
UNION BANK OF INDIA (UNIONBANK)₹5 dividend
Primary source: official circular (PDF)