BSE Ltd.

04/01/2024 | Press release | Distributed by Public on 04/01/2024 10:34

Adjustment of Futures and Options contracts in the security ASHOK LEYLAND LTD in Equity Derivative Segment

NOTICES
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>