20 Nov 2018, 10:45 AM

Adjustment of F&O contracts in Arvind Ltd

Arvind Ltd (ARVIND) is undergoing a corporate action for allotment of fully paid up equity shares of one fully paid up equity share of Rs 4 each of Arvind Fashions Limited for every five equity shares of Rs 10 each held in Arvind Limited and one fully paid up equity share of Rs 10 each of Anveshan Heavy Engineering Limited for every 27 equity shares of INR 10 (Indian Rupees Ten) each held in Arvind Limited to eligible equity shareholders.

Corporate action Ex-date: November 28, 2018

Contracts with expiry date November 29, 2018, December 27, 2018, and January 31, 2019, will expire on November 27, 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 November 27, 2018. On November 27, 2018, NRML order type will remain blocked throughout the day(All intraday order types will be available to trade).

Derivatives contracts on Arvind Ltd shall be introduced again with expiry dates November 29, 2018, December 27, 2018, and January 31, 2019, from November 28, 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 Arvind Ltd in the Capital Market segment on November 28, 2018, from 9 AM to 10 AM. This is to determine the opening price of Arvind Ltd 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 Arvind Ltd during the trading day.

Refer to the NSE circular on Adjustment of F&O contract here and pre-open call auction session here
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