20 Oct 2022, 11:00 AM

Adjustment of Futures and Options contracts of NMDC

NMDC Limited will be issuing 1 (one) equity share of Rs.10/- each of NMDC Steel Limited for every 1 (one) equity share of face value of Rs.10/- each to shareholders of NMDC Limited.

Symbol: NMDC
Ex-date: October 27, 2022
Record Date: October 28, 2022

All existing contracts with expiry dates October 27, 2022, November 24, 2022 and December 29, 2022, will expire on October 25, 2022.

Derivatives contracts on NMDC shall be introduced again (with expiry October 27, 2022, November 24, 2022, and December 29, 2022) from October 27, 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 October 27, 2022, shall be intimated to the trading members through a separate circular to be issued on October 25, 2022 aftermarket hours.

  • The NMDC 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 circulars here (1 & 2).