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11 Jan 2022, 08:00 AM
Adjustment of Futures and Options contracts of MOTHERSUMI
Motherson Sumi Systems Limited will be issuing 1 (one) equity share of Rs. 1/- each of Motherson Sumi Wiring India Limited for every 1 (One) equity shares of Rs. 1 /-each to shareholders of Motherson Sumi Systems Limited.
Symbol: MOTHERSUMI
Ex-date: January 14, 2022
Record Date: January 17, 2022
All existing contracts with expiry dates January 27, 2022, February 24, 2022, and March 31, 2022, will expire on January 13, 2022.
Derivatives contracts on MOTHERSUMI shall be introduced again (with expiry January 27, 2022, February 24, 2022 and March 31, 2022) from January 14, 2022, being the ex-date of the underlying. The list of option strikes from which specific strike prices would be made available for trading on January 14, 2022, shall be intimated to the trading members through a separate circular to be issued on January 13, 2022 aftermarket hours.
Note:
- The MOTHERSUMI contracts will undergo physical settlement and physical delivery margins will be charged for open positions as per our policy.
- The expiry date on the Marketwatch will continue to display as the old expiry date but the contract will be available for trading only till the revised expiry date.
For more details, please check the circular here.