04/01/2024 | Press release | Distributed by Public on 04/01/2024 10:34
Notice No. | 20240401-35 | Notice Date | 01 Apr 2024 | |||
Category | Corporate Actions | Segment | Derivatives | |||
Subject | Adjustment of Futures and Options contracts in the security ASHOK LEYLAND 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:<_o3a_p>
ASHOK LEYLAND LTD(Derivative Asset code -ALLD, Equity Scrip Code -500477) has informed Exchange that the Company has fixed April 03, 2024 as Record Date for the purpose of Payment of Interim Dividend at the rate of Rs. 4.95/- 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 ASHOK LEYLAND LTD(Derivatives Asset Code - ALLD) on Tuesday, April 02, 2024, the 'ex-date' being Wednesday, April 03, 2024.<_o3a_p>
A) Adjustments for Options Contracts:<_o3a_p>
The full value of dividend i.e. Rs. 4.95/- shall be deducted from all strike prices generated at the end of April 02, 2024 and adjusted strike prices shall be available for trading w.e.f. April 03, 2024.<_o3a_p>
B) Adjustments for Futures Contracts:<_o3a_p>
The adjusted futures price will be arrived at reference rate less dividend amount Rs.4.95/-<_o3a_p>
The reference rate used will be daily mark to market settlement price of the relevant futures contract on April 02, 2024. The adjusted rate shall be applicable as a base rate / previous close for trading on April 03, 2024.<_o3a_p>
For further details members are requested to contact their respective relationship manager.<_o3a_p>
For & on behalf of BSE Ltd,<_o3a_p> |
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Ketan Jantre<_o3a_p> |
Sameer Vaze<_o3a_p> |
CGM - Trading Operations<_o3a_p> |
DGM - Trading Operation<_o3a_p> |