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25 Oct 2018, 08:35 PM
Adjustment of F&O contracts in CESC Ltd
CESC Limited(CESC) is undergoing a corporate action for allotment of fully paid up equity shares of RP-SG Retail Ltd to eligible equity shareholders.
Corporate action Ex-date: October 30, 2018
Contracts with expiry date November 29, 2018, December 27, 2018, and January 31, 2019, will expire on October 29, 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. November 29, 2018, December 27, 2018, and January 31, 2019, however, the contract will be available for trading only till October 29, 2018. On October 29, 2018, NRML order type will remain blocked throughout the day(All intraday order types will be available to trade).
Derivatives contracts on CESC Limited shall be introduced again with expiry dates November 29, 2018, December 27, 2018, and January 31, 2019, from October 30, 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 CESC Ltd in the Capital Market segment on October 30, 2018, from 9 AM to 10 AM. This is to determine the opening price of CESC Limited 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 CESC Limited during the trading day.
Refer to the NSE circular on Adjustment of F&O contract here and pre-open call auction session here