NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : FUTURES & OPTIONS Download Ref No : NSE/FAOP/31405
Date : December 21, 2015
Circular Ref. No : 123/2015 All Members, Adjustment of Futures and Options contracts in the security MARICO In pursuance of SEBI guidelines for adjustments to futures and options contracts on announcement of corporate action and in continuation to Exchange Circular No. 122 (Download No 31381) dated December 16, 2015, the members are informed of the following: Marico Limited has informed the Exchange that the Company has fixed Record Date as December 24, 2015 to ascertain the Members entitled to receive Bonus Equity Shares of the Company. Symbol Bonus issue ratio Ex-Date
: MARICO : 1:1 : December 22, 2015
Adjustment factor: Adjustment factor for Bonus issue of A: B is defined as (A+B)/B. In the case of MARICO, the adjustment factor is (1+1)/1 = 2, since the bonus issue ratio is 1:1. Adjustments for Options Contracts: 1. Strike Price: The adjusted strike price shall be arrived at by dividing the old strike price by the adjustment factor. 2. Market Lot: The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 2600. Adjustments for Futures Contracts: 1. Futures price: The adjusted futures price shall be arrived at by dividing the old futures price by the adjustment factor. 2. Market Lot: The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 2600.
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
Page 1 of 4
The methodology for position adjustments has been separately intimated by NSCCL. The above changes shall be effective from December 22, 2015. Members are advised to load the updated contract.gz file in the trading application before trading on December 22, 2015. This file can be obtained from the directory faoftp/faocommon on the Extranet server. The revised Quantity Freeze limit for contracts of MARICO will be 208000. The details of the revised option strike prices available and revised strike scheme (step value and number of strikes), applicable for trading in the security MARICO are given in Annexure-1 and Annexure-2 respectively. For and on behalf of National Stock Exchange of India Limited Khushal Shah Chief Manager
Telephone No 1800-266-00-53
Fax No +91-22-26598449
Email id
[email protected]
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
Page 2 of 4
Annexure-1 Sr. No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41
Instrument
Symbol
Expiry Date
OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK
MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO
31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 31-DEC-2015 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016
Old Strike Price 310 320 330 340 350 360 370 380 390 400 410 420 430 440 450 460 470 480 490 500 510 520 530 540 310 320 330 340 350 360 370 380 390 400 410 420 430 440 450 460 470
Revised Strike Price 155 160 165 170 175 180 185 190 195 200 205 210 215 220 225 230 235 240 245 250 255 260 265 270 155 160 165 170 175 180 185 190 195 200 205 210 215 220 225 230 235
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
Page 3 of 4
42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72
OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK
MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO MARICO
28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 28-JAN-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016 25-FEB-2016
480 490 500 510 520 530 540 310 320 330 340 350 360 370 380 390 400 410 420 430 440 450 460 470 480 490 500 510 520 530 540
240 245 250 255 260 265 270 155 160 165 170 175 180 185 190 195 200 205 210 215 220 225 230 235 240 245 250 255 260 265 270
Annexure-2
Symbol MARICO
Applicable Step value 5
No. of Strikes Provided No of additional strikes In the money - At the money which may be enabled - Out of the money intraday 8 -1- 8 8
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
Page 4 of 4
