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Announcements on #Corporate Action
Thursday, October 5, 2023 1:11 pm
As per Exchange circular no. 20230929-21, Shreyas Shipping & Logistics Ltd. has issued a Withdrawal of their Buy-Back offer from Tuesday, 3rd October 2023 to Monday, 16th October 2023.
What does this mean?
An "Offer to Buy – Withdrawal Offer" is a situation where a company after making an offer to buy back shares decides to withdraw that offer. This could happen due to various reasons - including changes in market conditions, inability to meet financial or other conditions stipulated in the offer, regulatory issues, or a strategic change in decision by the bidding entity.
How does it impact you?
If you wish to withdraw your participation in the ‘Offer to Buy’ corporate action done by Shreyas Shipping & Logistics Ltd. please email us before 16th October at ** support@upstox.com.**
Our operating hours are 8 AM to 5 PM on all trading days.
Thursday, July 6, 2023 3:03 pm
Due to a merger between HDFC Ltd. and HDFC Bank Ltd., the scrip ‘HDFC Limited’ will no longer be available for trading under the Equity Derivatives (F&O) segment. Keeping this in mind, please take note of the following:
-HDFC Ltd. will be delisted on 13th July 2023
-A day prior to this date i.e. on 12th July 2023 all existing HDFC Ltd. open contracts with expiry of July 2023 , August 2023 and September 2023 contracts will automatically expire and physical settlement will be applicable
-If you wish to opt for physical settlement, please ensure you have the required funds/stock by 10th July 2023.
-If fund/stock requirement for physical settlement is not available, we will square-off existing positions after 10 AM on 12th july
-No fresh positions will be allowed from 11th July 2023, onwards.
-Collateral Margins (Margin Pledge) on HDFC Ltd. won’t be available from 7th July 2023 onwards
-Please review your positions and take necessary actions accordingly
This as per an Exchange circular no. NSE/CML/57423 on 4th July.
Thursday, November 17, 2022 11:01 am
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
- 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.)
- No contracts shall be available for trading in the above-mentioned security with effect from 23rd November 2022 onwards.
- New strikes may be introduced in the existing contract
- You need to maintain the full value of the MINDTREE positions contract if you wish to take the physical settlement of shares.
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.
Wednesday, October 12, 2022 12:57 pm
Aarti Industries Limited (AARTIIND) declared to the Exchange the issuance and allotment of 1 equity share for every 4 equity shares held by existing shareholders. The record date for the purpose of determining shareholders who will be applicable for this is 20th October 2022.
Due to this corporate action, keep in mind the following impact on your F&O contracts
- All existing contracts in the underlying AARTIIND i.e. contracts with expiry dates 27th October 2022, 24th November 2022 and 29th December 2022 shall expire on 18th October 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)
- You need to maintain the full value of AARTIIND position contract if you wish to take physical delivery of shares.
No fresh position will be allowed under the F&O segment in AARTIIND from 17th October 2022
AARTIIND positions with insufficient fund value or stock (in case of short position) will be squared off anytime after 12 PM on 18th October 2022 on a best effort basis.
- All positions in the existing futures and options contracts on the underlying AARTIIND shall cease to exist pursuant to the final settlement on 17th October 2022.
- The pay-in/payout of the final MTM settlement of all futures contracts on AARTIIND shall be on 18th October 2022 (T+1 day).
- The physical settlement shall be effected on 19th October 2022 (T+2 day)
- New contracts in the underlying AARTIIND (with expiry dates - 27th October, 24th November and 29th December 2022) will begin on 19th October
You can also refer to the circular here: NSE Circular 119/2022
Friday, August 26, 2022 5:40 pm
Due to an ongoing corporate action with Piramal Enterprises Limited (PEL), keep the following pointers in mind:
For Equity
PEL has declared to the Exchange that it will issue and allot 4 equity shares of ₹10/- each for every 1 equity share (of face value of ₹2) held by PEL shareholders.
- The Record Date for the same is 1st September 2022
For Derivatives (F&O)
All existing contracts with expiry dates 29th September, 27th October and 24th November - 2022 will expire on 29th August 2022. The settlement method will be separately notified to you.
Derivatives contracts on PEL shall be introduced again (with expiry dates - 29th September, 27th October, and 24th November - 2022) from 30th August 2022.
- The list of option strikes that would be made available for trading on 30th August 2022 shall be notified through a separate circular to be issued on 20th August 2022 post market hours.
To know more, refer to the Exchange circular ** here**.
Tuesday, June 28, 2022 11:47 am
As per NCL circular reference NCL/CMPT/52374 dated 23rd May, 2022 and
NSE circular NSE/FAOP/52732 dated 24th June 2022 note the following updates
- The maturity date of Indian Oil Corporation Limited (IOC) contracts expiring in June 2022 shall be 29th June, 2022. You can refer to the Exchange circular [** here**](https://marketing-creative-and-docs.s3.ap-south-1.amazonaws.com/IOC_CMPT52737.pdf)
- Adjustments in open F&O positions in IOC shall be carried out only for contracts expiring in July 2022 & August 2022. To know more about these adjustments, refer to this circular [** here**](https://archives.nseindia.com/content/circulars/CMPT52374.pdf)
- If you have any open IOC F&O positions with June expiry, physical settlement will be applicable. Provide consent for physical settlement before 28th June 2022 or square of your positions or square off your position(s) before 12 PM on 29th June. [** Tap here to know more**](https://upstox.com/announcements/risk-management/important-update-on-physical-settlements-of-contracts-with-a-june-2022-expiry/)
Thursday, June 9, 2022 10:47 am
Motherson Sumi Systems Limited has changed its name to Samvardhana Motherson International Limited and changed its trading symbol from MOTHERSUMI to MOTHERSON.
This change will be effective from 9th June 2022.
What this means for you?
-
This has no impact on your existing trades and positions
- After-Market-Orders placed on 8th and 9th June 2022 for MOTHERSUMI may not have been processed due to this
All positions in futures and options contracts in the underlying security MOTHERSUMI (Motherson Sumi Systems Limited) will be carried forward with the underlying symbol MOTHERSON (Samvardhana Motherson International Limited)
Monday, July 25, 2022 6:45 pm
AU Small Finance Bank (AUBANK) conducted a meeting with its Board of Directors on 26th April 2022. As per this meeting, it has declared, to the Exchange, an issue of Bonus Shares in the ratio of 1:1. The record date for the issue of Bonus Shares is 10th June 2022.
What are Bonus Shares? These are additional shares given by a company to existing shareholders for free as an alternative to distributing dividends.
How does this corporate action impact Futures & Options Contracts?Impact on Futures Contract:
-
The adjusted base price shall be arrived at by dividing the old futures price by the adjustment factor.
- The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 1000
Impact on Options Contract:
-
The adjusted strike price shall be arrived at by dividing the old strike price by the adjustment factor.
- The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 1000.
*Adjustment factor for the bonus issue of A: B is defined as (A+B)/B. In the case of *AUBANK the adjustment factor is (1+1)/1 = 2 since the bonus issue ratio is 1:1.
For all positions taken before 9th June 2022, you may see a slight deviation in the carried forward (c/f) average price of AUBANK due to the corporate action mentioned above.
To know more, read the circular here.
Thursday, May 12, 2022 12:59 pm
Indus Towers Limited (INDUSTOWER) conducted a meeting with its Board of Directors on 5th May 2022. As per this meeting, it has declared, to the Exchange, an Interim Dividend of ₹11 per equity share on equity shares of ₹10/- each, of the Company.
The record date for the purpose of payment of dividend is 17th May, 2022
Adjustments for Futures Contracts:
The base price of the Futures contracts on 13th May 2022, will be the reference rate less aggregate amount of dividend i.e.₹11. The reference rate for this purpose shall be the daily mark to market settlement price of the relevant futures contract.
Adjustments for Options Contracts:
The full value of dividend i.e. ₹11 would be deducted from all the cum-dividend strike prices on the ex-dividend date.
To know more, read the circular here.
Note: For all positions taken before 13th May 2022, you may see a slight deviation in the carried forward (c/f) average price of INDUSTOWER due to the corporate action mentioned above.
Monday, May 9, 2022 11:07 am
Oracle Financial Services Software (OFSS) conducted a meeting with its Board of Directors on 4th May 2022. As per this meeting, it has declared, to the Exchange, an Interim Dividend of ₹190 per equity share on equity shares of ₹5/- each, of the Company.
The record date for the purpose of payment of dividend is 17th May, 2022
Adjustments for Futures Contracts:
The base price of the Futures contracts on 13th May 2022, will be the reference rate less aggregate amount of dividend i.e.₹190. The reference rate for this purpose shall be the daily mark to market settlement price of the relevant futures contract.
Adjustments for Options Contracts:
The full value of dividend i.e. ₹190 would be deducted from all the cum-dividend strike prices on the ex-dividend date.
To know more, read the circular here.
Note: For all positions taken before 13th May 2022, you may see a slight deviation in the carried forward (c/f) average price of OFSS due to the corporate action mentioned above.