Announcements

Reliance Industries Limited (RELIANCE) has declared to the Exchange the issuance and allotment of 1 equity share for every 1 equity share of Reliance Industries Limited held by existing shareholders.The record date for the purpose of determining shareholders who will be applicable for this is 20th July 2023.

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

• 1. All existing contracts in the underlying RELIANCE with expiry dates 27th July, 31 August, 29th September shall expire on 19th July 2023 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. You need to maintain the full value/stock (in case of short position) of the RELIANCE position contract if you wish to take physical delivery of shares.
• 3. No fresh position will be allowed under the F&O segment in RELIANCE from 18th July 2023 
• 4. All positions in the existing futures and options contracts on the underlying RELIANCE shall cease to exist pursuant to the final settlement on 19th July 2023
• 5. RELIANCE positions with insufficient fund value or stock (in case of short position) will be squared off anytime after 10 AM on 19th July 2023 on a best effort basis
• 6. Collateral Margins (Margin Pledge) on Reliance Ltd. will be subject to a 50% haircut value from 14th July  2023, onwards
• 7. All MTF positions in Reliance Ltd will be either squared off or converted to delivery, based on the availability of funds on 19th July 2023
  

You can also refer to the circular here: NSE/FAOP/57525