Announcements

Mindtree Limited (MINDTREE) declared to the Exchange the issuance and allotment of 73 equity shares of the merged entity for every 100 Mindtree equity shares held by existing shareholders. The record date for the purpose of determining shareholders who will be applicable for this is 24th November 2022.

Due to this corporate action, keep in mind the following impact on your F&O contracts

1. All existing contracts in the underlying MINDTREE i.e. contracts with expiry dates of 24th November 2022, 29th December 2022, and 25th January 2023 shall expire on 22 November 2022 and shall be physically settled as per the mechanism specified in NCL Circular no.67/2018 (Download no. NCL/CMPT/38039) dated 15th June 2018.)
2. No contracts shall be available for trading in the above-mentioned security with effect from 23rd November 2022 onwards.
3. New strikes may be introduced in the existing contract
4. You need to maintain the full value of the MINDTREE positions contract if you wish to take the physical settlement of shares. 
5. If you don’t have sufficient fund value or stocks (in case of a short position) your MINDTREE positions will be squared off anytime after 12 PM on 22nd November 2022 on a best-effort basis.
   

You can also refer to the circular here: LINK.