Adjustment of F&O contracts in Adani Enterprises Limited
Adani Enterprises Limited(ADANIENT) is undergoing a corporate action for allotment of fully paid up equity shares of AGL to eligible equity shareholders.
Corporate action Ex-date: September 06, 2018
Contracts with expiry dates September 27, 2018, October 25, 2018, November 29, 2018, will expire on September 05, 2018. The methodology of settlement shall be separately intimated by NSCCL.
Note: The expiry date on our trading platform would display the original dates i.e. September 27, 2018, October 25, 2018, November 29, 2018, however, the contract will be available for trading only till September 05, 2018.
Derivatives contracts on Adani Enterprises shall be introduced again with expiry dates September 27, 2018, October 25, 2018, November 29, 2018, from September 06, 2018 onwards, it being the ex-date of the underlying. The list of new option strikes will be updated on the same day.
A Pre-open Call Auction Session shall be conducted for Adani Enterprises in the Capital Market segment on September 06, 2018, from 9 AM to 10:00 AM. This is to determine the opening price of Adani Enterprises based on which a minimum of five in-the-money strikes, one at-the-money strike and five out-of-the-money strikes will be made available to the market. New option strikes will be made available based on the price movement of Adani Enterprises during the trading day.
Refer to the NSE circular on Adjustment of F&O contract here and pre-open call auction session here