08 Oct 2019, 06:00 PM
Scheme of arrangement in CENTURYTEXCentury Textiles & Industries Limited(CENTURYTEX) is undergoing a corporate action for allotment of fully paid-up equity shares of Ultratech Cement Ltd to eligible equity shareholders.
Corporate action Ex-date: October 11, 2019
F&O contracts with expiry date October 31, 2019, November 28, 2019, and December 26, 2019, will expire on October 10, 2019. The contracts will be settled by way of physical settlement. You can read more on our policy on physical settlement here.
Note: The expiry date on our trading platform would display the original dates i.e. October 31, 2019, November 28, 2019, and December 26, 2019, however, the contract will be available for trading only till October 10, 2019. On October 10, 2019, NRML order type will remain blocked throughout the day(All intraday order types will be available to trade).
Derivatives contracts on CENTURYTEX shall be introduced again with expiry dates- October 31, 2019, November 28, 2019, and December 26, 2019, from October 11, 2019, onwards, it is 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 CENTURYTEX in the Capital Market segment on October 11, 2019, from 9 AM to 10 AM. This is to determine the opening price of CENTURYTEX 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 CENTURYTEX during the trading day.
Refer to the NSE circular on Adjustment of F&O contract here and pre-open call auction session here