SEBI has decided to review the mechanism of dividend adjustment for stock options. SEBI has directed stock exchanges that the adjustment in strike price shall be carried out in case of declaration of dividends at and above 5% of the market value of the underlying stock; or in all cases of dividends, where the listed entity has sought exemption from the timeline prescribed under the provisions of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015.
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