On the NSE, it slumped 13.65 percent to Rs 3,420.50. Market men said that profit-booking pulled down the stock.

The board of directors of the software company had on 12th September, declared an interim dividend of Rs 485 per equity share of Rs 5 each.

The record date for the purpose of the interim dividend declared by the company is fixed as 25th September, 2014.

The interim dividend will be paid to the equity shareholders of the company on or before 29th September, 2014, Oracle Financial Services had said in a BSE filing on Tuesday.

The issuing company fixes a particular date which is termed as record date when the investor must own shares in order to be eligible to participate in events like receiving dividend, bonus shares.

An ex-dividend is classification of trading shares when a declared dividend belongs to the seller rather than the buyer.

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