Announcements

All stocks under the F&O segment and also stocks from the ‘EQ’ series of NIFTY500 are applicable for availing intraday leverage. Starting from today, 16th Dec’21 this intraday leverage for these stocks will be:

1. 1. 1X for stocks with circuit limits less than 20%. (i.e. 100% funds required in your a/c)
      

• Intraday leverage on stocks not falling under the above mentioned category, will be as follows:
  

1. 5X if exchange margin <= 20% (i.e. 20% funds required in your a/c)
2. 3X if exchange margin > 20% and <= 30% (i.e. 33% funds required in your a/c)
3. 2X if exchange Margin > 30% and <= 50% (i.e. 50% funds required to be in your a/c)
4. 1X if exchange Margin > 50% (i.e. 100% funds required in your a/c)

Note: Exchange Margin = VaR Margin + ELM Margin + Adhoc Margin

Some examples of stocks as per the above conditions will be 

1. IRB has a circuit limit of 5%, thus applicable leverage will be 1x only as per condition 1. 
2. RELIANCE has exchange margins of 15.75% and thus applicable leverage will be 5x as per condition 2. A. 
3. IDBI has exchange margins of 25% and thus applicable leverage will be 3x as per condition 2. B. 
4. ZEEL has exchange margins of 45% and SWSOLAR has exchange margins of 35%. Hence the applicable leverage for these will be 2x as per condition 2. C
5. TATAELXSI is security having a circuit limit of 20%, but Exchange Margin is 100%, thus applicable leverage will be 1x as per condition

National Mineral Development Corporation (NMDC) conducted a meeting with its Board of Directors on 3rd December, 2021. As per this meeting, it has declared, to the Exchange, an Interim Dividend of ₹9.01 per equity share. The ex-dividend date for the purpose of payment of dividends is 14th December 2021.

What are dividends?
A dividend is a part of the company's profits given to its shareholders to reward them for their investment in the company. 

How does this corporate action impact Futures & Options Contracts?

Impact on Futures Contract: 

• Base price of the Futures contracts on 14th December 2021 will be reference rate less aggregate amount of dividend i.e. ₹9.01
• The reference rate to be reckoned for this purpose shall be the daily mark to
  market settlement price of the relevant futures contract

Impact on Options Contract: 

The full value of dividend i.e. ₹9.01 would be deducted from all the cum-dividend strike prices on the.ex-dividend date

For all positions taken before 14th December 2021, you may see a slight deviation in the carried forward (c/f) average price of NMDC due to the corporate action mentioned above.

To know more, read the circular here.

Coal India Limited conducted a meeting with its Board of Directors on 29th November, 2021. As per this meeting, it has declared, to the Exchange, an Interim Dividend of ₹9 per equity share. The ex-dividend date for the purpose of payment of dividends is 6th December 2021.

What are dividends?
A dividend is a part of the company's profits given to its shareholders to reward them for their investment in the company. 

How does this corporate action impact Futures & Options Contracts?

Impact on Futures Contract: 

• Base price of the Futures contracts on 6th December 2021 will be reference rate less aggregate amount of dividend i.e. ₹9
• The reference rate to be reckoned for this purpose shall be the daily mark to
  market settlement price of the relevant futures contract

Impact on Options Contract: 

The full value of dividend i.e. ₹9 would be deducted from all the cum-dividend strike prices on the.ex-dividend date

For all positions taken before 6th December 2021, you may see a slight deviation in the carried forward (c/f) average price of COALINDIA  due to the corporate action mentioned above.

To know more, read the circular here.

All Tata Steel Limited partly paid-up equity shareholders as on record date 19th Feb’21 need to pay the final call of ₹461 per partly paid-up equity share by 15th Dec’21.

How to make the payment of ₹461 per partly paid-up equity share?

• You can click here:Link Intime India Pvt Ltd to make the payment of ₹461 per partly paid-up equity share online.
  
  OR

• You can make the payment of ₹461 per partly paid-up via a Cheque/Demand Draft made payable to
  
  a) Tata Steel Call Money- Escrow collection - R a/c
  (for resident shareholders)
  b) Tata Steel Call Money - Escrow collection - NR a/c
  (for non-resident shareholders

You can refer to the company circular here:
https://www.tatasteel.com/media/14743/1-specimen-copy.pdf

What happens in case of a delayed or non-payment of these partly paid-up equity shares?
If you delay your payment or do not pay ₹461 per partly paid-up equity share before 15th Dec’21, your rights to existing partly paid-up equity shares including the amount already paid will be forfeited.

Indian Energy Exchange Limited (IEX) conducted a meeting with its Board of Directors on 31st October, 2021. As per this meeting, it has declared, to the Exchange, an issue of Bonus Shares in the ratio of 2:1. The record date for the issue of Bonus Shares is 6th December 2021.

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 3750

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 3750.

Adjustment factor for the bonus issue of A: B is defined as (A+B)/B. In the case of IEX the adjustment factor is (2+1)/1 = 3 since the bonus issue ratio is 2:1.

For all positions taken before 3rd December 2021, you may see a slight deviation in the carried forward (c/f) average price of IEX due to the corporate action mentioned above.

To know more, read the circular here.