02/04/2025 | Press release | Distributed by Public on 02/04/2025 04:34
Notice No. | 20250204-15 | Notice Date | 04 Feb 2025 | |||
Category | Corporate Actions | Segment | Derivatives | |||
Subject | Adjustment of Futures and Options contracts in the security GAIL (INDIA) LTD. in Equity Derivative Segment | |||||
Content |
In pursuance of Exchange notice number 20180710-26 regarding Review of Adjustment of corporate actions for stock options, and in line with SEBI Master circular No SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016 trading members of Equity Derivatives Segment are hereby informed the following:
GAIL (INDIA) LTD.(Derivative Asset code - GAIL, Equity Scrip Code - 532155) has informed Exchange that the Company has fixed February 07, 2025 as Record Date for the purpose of Payment of Interim Dividend at the rate of Rs. 6.50/- per equity share for the financial year 2024-25.<_o3a_p>
In view of the above, the Exchange shall make the necessary adjustments for all the available Futures & Options contracts on the underlying scrip GAIL (INDIA) LTD.(Derivatives Asset Code - GAIL) on Thursday, February 06, 2025, the 'ex-date' being Friday, February 07, 2025.<_o3a_p>
A) Adjustments for Options Contracts:<_o3a_p>
The full value of dividend i.e. Rs. 6.50/- shall be deducted from all strike prices generated at the end of February 06, 2025 and adjusted strike prices shall be available for trading w.e.f. February 07, 2025.<_o3a_p>
B) Adjustments for Futures Contracts:<_o3a_p>
The adjusted futures price will be arrived at reference rate less dividend amount Rs. 6.50/-<_o3a_p>
The reference rate used will be daily mark to market settlement price of the relevant futures contract on February 06, 2025. The adjusted rate shall be applicable as a base rate / previous close for trading on February 07, 2025.<_o3a_p>
For further details members are requested to contact their respective relationship manager.<_o3a_p>
For & on behalf of BSE Ltd,<_o3a_p> |
<_o3a_p> |
<_o3a_p> |
<_o3a_p> |
Ketan Jantre<_o3a_p> |
Sameer Vaze<_o3a_p> |
Head - Trading Operations<_o3a_p> |
DGM - Trading Operation<_o3a_p> |