03 Mar 2020, 08:45 AM

Scheme of arrangement in TATACHEM

Tata Chemicals Limited(TATACHEM) is undergoing a corporate action for allotment of fully paid-up equity shares of TATA Consumer Products LTD to eligible equity shareholders. Corporate action Ex-date: March 04, 2020

F&O contracts with expiry date March 26, 2020, April 30, 2020, and May 28, 2020, will expire on March 03, 2020. 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. March 26, 2020, April 30, 2020, and May 28, 2020, however, the contract will be available for trading only till March 03, 2020. On March 03, 2020, NRML order type will remain blocked throughout the day.

Fresh long option positions will be blocked in Tata Chemicals (TATACHEM) on March 03, 2020. Bracket and Cover orders will be blocked for TATACHEM for the day. 

Derivatives contracts on TATACHEM shall be introduced again with expiry dates- March 26, 2020, April 30, 2020, and May 28, 2020, from March 04, 2020, 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 TATACHEM in the Capital Market segment on March 04, 2020, from 9 AM to 10 AM. This is to determine the opening price of TATACHEM 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 TATACHEM during the trading day.

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