Announcements

Bajaj Finserv  has announced the following corporate actions with record date of 14th September 2022 for both:

• A stock split in the ratio 5:1

• A bonus issue in the ratio 1:1

What’s the impact of these corporate actions on existing shareholders of Bajaj Finserv?

Impact of stock split:
If you hold Bajaj Finserv shares as on 14th September 2022 (which is the record date) your existing shares will be split in the ratio 5:1.  In other words, for every 1 share you hold of Bajaj Finserv you’ll now have 5 new shares in your Demat account.

Impact of bonus shares:

If you hold Bajaj Finserv shares as on  14th September 2022 (which is the Record date) then you will receive 1 new share of Bajaj Finserv for every 1 share you hold in your Demat account . You will also receive a confirmation SMS for the same from the depository.

Impact on holdings 

• The stock split will happen first and then the bonus shares will be distributed. This means if you hold 1 share of Bajaj Finserv as on record date, then as per the stock split ratio of 5:1 you will have 5 shares. Post this, as per the 1:1 bonus ratio, you will receive 5 bonus shares for the 5 shares you hold.

• When a stock split happens, you can view new holdings only after the ISIN (International Securities Identification Number) is updated

• The average price / P&L is not shown when a corporate action takes place, while we work on  updating this, kindly calculate the average price manually by following steps here: How is the average price calculated for Delivery positions ?

• You can refer to the ledger report to check the price of the shares: What is Ledger report and how do I access it?
• Bonus shares will be credited to your Demat account on the day of allotment under temporary ISIN and will NOT be available for trading/holding until the stocks with the updated ISIN are listed on the Exchange.

To know more, read the circular here

Stay tuned for important updates from Upstox!

Happy Trading,
Team Upstox.

Few of our customers may face this error - ‘Not a valid account number’. This is because the Exchange has disabled trading on some accounts for procedural reasons. We are working with the Exchange to resolve this at the earliest. Thank you for your patience.

Wednesday, 31st August 2022 is a trading holiday on account of Ganesh Chaturthi. Due to this keep the following in mind:

Impact on trading:

• Trading in Equity and F&O segments will be closed on  Wednesday, 31st August 
• Trading will resume on Thursday, 1st September 2022
• Trading in MCX will be closed for the morning session from 9:00 AM to 5:00 PM
• The evening MCX trading session will take place as usual from 5:00 PM to 11:30 PM

Impact on fund withdrawals:

• Any standard fund withdrawal requests placed after 8:00 AM on Tuesday, 30th August 2022 will be processed on Thursday, 1st September 2022. 

You can place Instant Withdrawal requests on Tuesday, 30th August between 11:00 AM to 4:00 PM to transfer funds within 15 minutes. However, ensure you check the criteria mentioned here before placing an Instant Withdrawal request: Instant Withdrawal criteria

As part of the Insolvency Resolution Process of Reliance Communications (RCom), its existing shares have been suspended from trading.

What does this mean?
A company is suspended from trading if it doesn’t comply with the Exchange regulations. This means one cannot buy or sell any more shares of that company till the suspension has been revoked.

How does this impact you?

Due to this corporate action, kindly note the following impact:

• -Trading in RCom shares has been suspended. 
• -You will not be able to buy/sell more shares of RCom
• -You will not be able to see existing shares of RCom under ‘Holdings’ on Upstox. However, you can view them from your Holdings Report by following these steps: How can I check my holdings ? - Upstox Help Center 

In case, the suspended company complies with all regulations, the suspension could even be revoked and the shares may start trading again. However, after suspension, if the company eventually shuts down or is unable to repay shareholders, you will have to write it off as a loss. Upstox is not responsible for any loss.

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.