As part of the demerger process, ABFRL has informed the Exchange that it has fixed 22 May 2025 as the Record Date for the issuance...
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As part of the demerger process, ABFRL has informed the Exchange that it has fixed 22 May 2025 as the Record Date for the issuance and allotment of 1 fully paid-up equity share of Aditya Birla Lifestyle Brands Ltd for every 1 equity share of Aditya Birla Fashion and Retail Ltd. (ABFRL) held by existing shareholders.
Due to this corporate action, please take note of the following impact on your F&O contracts:
– All ABFRL F&O contracts with expiry dates 29 May 2025, 26 June 2025 and 31 July 2025 shall expire on 21 May 2025 and will be physically settled as per Exchange rules.
– The Clearing Corporations will separately intimate the methodology of settlement.
– No fresh positions will be allowed in the F&O segment of ABFRL from 20 May 2025 onward.
– ABFRL positions with insufficient fund value or stock (in case of short positions) will be squared off anytime after 10 AM on 21 May 2025, on a best-effort basis.
– Collateral margins on ABFRL will be subject to a 50% haircut from 21 May 2025 onward.
– All MTF positions in ABFRL will be squared off or converted to delivery, based on fund availability, post 10 AM on 21 May 2025, on a best-effort basis.
– New F&O contracts on ABFRL (with expiry 29 May, 26 June and 31 July 2025) will be introduced from 22 May 2025 onwards.
– The range of Option strike prices available for trading from 22 May 2025 will be communicated via a separate circular on 21 May 2025, after market hours.
You can also refer to the circular here.
