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25 Jul 2025, 12:42 PM
Adjustment of Futures and Options contracts of INOXWIND due to Rights issue
As per this circular, effective from July 29, 2025 (ex-date), the INOXWIND F&O contracts will be revised based on the rights adjustment factor.
Inox Wind Limited has decided to issue equity shares on a rights basis in the ratio of 5:78, i.e. 5 equity shares for every 78 equity shares held, at an issue price of Rs. 120 per equity share. Further, the company has fixed the ex-date as July 29, 2025, to determine the shareholders who will be eligible to apply for the issue.
Symbol: INOXWIND
Rights ratio: 5:78
Ex-date: July 29, 2025
Adjustments for Options Contracts:
Strike Price: The adjusted strike price shall be arrived at by multiplying the old strike price by the adjustment factor.
Market Lot: The adjusted market lot shall be arrived at by dividing the old market lot by the adjustment factor. The revised market lot would be 3272.
For example, if you are holding a position in INOXWIND AUG FUT and on pre-ex-date (July 28, 2024), futures close at 165, on ex-date the price will be adjusted to 162.64 (Price on pre-ex-date: 165 * Adjustment Factor: 0.985730). While the lot size will be adjusted to 3272 (Current lot size: 3225 / Adjustment Factor: 0.985730).
Adjustments for Futures Contracts:
Futures base price: The adjusted Futures base price shall be arrived at by multiplying the old Futures base price by the adjustment factor.
Futures Lot size: The adjusted market lot shall be arrived at by dividing the old market lot by the adjustment factor. The revised market lot would be 3272.
For example, i
f you are holding a position in INOXWIND 170 CE, the current lot size is 3225. On ex-date, the 170 CE will be adjusted to 167.55 CE (Strike Price: 170 * Adjustment Factor: 0.985730), and the lot size will be adjusted to 3272 (Current Lot Size: 3225 / Adjustment Factor: 0.985730).
The above changes shall be effective from July 29, 2025.
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