Announcements

GMR Infrastructure Limited (GMRINFRA) declared to the Exchange the issuance and allotment of 1 equity share for every 10 ten equity shares held by existing shareholders.The record date for the purpose of determining shareholders who will be applicable for this is 12th January 2022.

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

1) All existing contracts in the underlying GMRINFRA i.e. contracts with expiry dates 27th January, 2022, 24th February, 2022 and 31st March, 2022 shall expire on 10th January 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) The settlement price to be reckoned for the purpose of final settlement shall be the weighted average price of GMRINFRA as determined by NCL under the interoperability framework, as per circular no NCL/CMPT/40859 dated 27th April, 2019.

3) You need to maintain the full value of GMRINFRA position contract if you wish to take physical delivery of shares.

4) No fresh position will be allowed under the F&O segment  in GMRINFRA on 10th January 2022

5) GMRINFRA positions with insufficient fund value or stock (in case of short position) will be squared off anytime after 11 AM on 10th January 2022 on best effort basis.

6) All positions in the existing futures and options contracts on the underlying GMRINFRA shall cease to exist pursuant to the final settlement on 10th January, 2022.

7) The pay in/pay out of final MTM settlement of all futures contracts on GMRINFRA shall be on 11th January, 2022 (T+1 day).

8) The physical settlement shall be effected on 12th January, 2022 (T+2 day).

9) New contracts in the underlying GMRINFRA would begin ON 11th January 2022.