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Adjustment of Futures and Options contracts

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SiteAdmin
Fri May 22 2015, 06:02PM Print View

Joined: Mon Mar 25 2013, 09:44PM
Posts: 222

Arvind Limited has informed the Exchange that in pursuance of the Composite Scheme of Arrangement in the nature of demerger and transfer of Real Estate Undertaking of Arvind Limited to Arvind Infrastructure Limited, as approved by the Hon'ble High Court of Gujarat, the Transferee Company i.e. Arvind Infrastructure Limited is required to issue and allot 1 (One) equity share of Rs.10 each credited as fully paid up for every 10 (Ten) equity shares of Rs. 10 each held by the shareholders of Arvind Limited on Record Date to be fixed by Arvind Limited. In pursuance of the same, the Board of Directors of Arvind Limited has fixed May 29, 2015 as the Record Date for determining the entitlement of shareholders of Arvind Limited, the transferor company, to receive the equity shares of Arvind Infrastructure Limited as stated above.

Ex-date : May 28, 2015

The following adjustments shall be carried out on the Futures and Options contracts of ARVIND:

All existing contracts i.e. contracts with expiry dates May 28, 2015, June 25, 2015 and July 30, 2015 will expire on May 27, 2015. The methodology of settlement shall be separately intimated by NSCCL.

Derivatives contracts on ARVIND shall be reintroduced from May 28, 2015 being the ex-date of the underlying. The list of option strikes from which specific strike prices would be made available for trading on May 28, 2015 shall be intimated to the trading members through a separate circular to be issued on May 27, 2015 after market hours.

Please read the Exchange circular for more information:
http://www.nseindia.com/content/circulars/CMPT29766.pdf
http://www.nseindia.com/content/circulars/FAOP29765.pdf

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SiteAdmin
Wed May 27 2015, 06:55PM

Joined: Mon Mar 25 2013, 09:44PM
Posts: 222

In continuation to Circular dated May 20, 2015, NSE notified members about the Futures and Options contracts of Arvind Limited (ARVIND) being made available w.e.f. May28, 2015.

The latest circular in this matter is available today evening:
http://www.nseindia.com/content/circulars/FAOP29811.pdf

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SiteAdmin
Thu May 28 2015, 06:52PM

Joined: Mon Mar 25 2013, 09:44PM
Posts: 222

Adjustment of Futures and Options contracts in the security Adam Enterprises Limited (ADANIENT)

Fresh month contracts will not be introduced for the expiry month August 2015 on the expiration of May 2015 contracts. All existing contracts i.e. contracts with expiiy dates June 25, 2015 and July 30, 2015 will expire on June 02, 2015. The methodology of settlement shall be separately intimated by NSCCL.

Derivatives contracts on ADANIENT shall be introduced again (with expiiy dates June 25, 2015, July 30, 2015 and August 27, 2015) from June 03, 2015 being the ex-date of the underlying. The list of option strikes from which specific strike prices would be made available for trading on June 03, 2015 shall be intimated to the hading members through a separate circular to be issued on June 02, 2015 after market hours.

Please refer Exchange Circular for more details: http://www.nseindia.com/content/circulars/FAOP29819.pdf


[ Edited Thu May 28 2015, 06:52PM ]
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SiteAdmin
Wed Jun 10 2015, 08:39PM

Joined: Mon Mar 25 2013, 09:44PM
Posts: 222

Adjustment of Futures and Options contracts in the security Infosys Limited (INFY)

On account of Bonus Issue in the ratio of 1:1 (Ex Date: 15-Jun-2015), Futures and Options contracts of INFY (Infosys Limited) will be adjusted. Details of the process is explained in the circular by NSE today.

Positions: The adjusted positions shall be arrived at by multiplying number of contracts in the pre adjusted position by the adjusted market lot. The adjusted market lot shall be as per the Circular no. 049/2015 (Download no. 29904) dated June 08,2015.

Futures Price: The adjusted futures price would be based on the Settlement price of the relevant futures contracts on June 12, 2015. Adjusted futures price shall be settlement price of relevant futures contracts on June 12, 2015 divided by 'adjustment factor'.

Adjusted value: In order to avoid difference arising due to rounding off of adjusted settlement price, the carry forward/adjusted value shall be computed by multiplying pre adjusted futures long/short quantity with pre adjusted settlement price. Accordingly, all positions in futures contracts with the underlying security as INFY would be marked-to-market on June 12, 2015 based on the daily settlement price of the respective futures contract. Further, the adjusted positions would be carried forward at the adjusted value.

Pleae read the complete circular http://www.nseindia.com/content/circulars/CMPT29919.pdf


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