22 May 2017, 12:00 AM
Adjustment of F&O contracts in Sintex Industries Limited (SINTEX).
Sintex is undergoing a corporate action for allotment of fully paid up equity shares of Sintex Plastics Technology Ltd. to eligible equity shareholders.
Corporate action Ex-date: May 25, 2017
Contracts with expiry dates May 25, 2017, June 29, 2017, and July 27, 2017, will expire on May 24, 2017. The methodology of settlement shall be separately intimated by NSCCL.
Derivatives contracts on Sintex shall be introduced again with expiry dates May 25, 2017, June 29, 2017, and July 27, 2017, from May 25, 2017, onwards, it being the ex-date of the underlying. The list of new option strikes will be updated on a separate circular to be issued on May 24, 2017, after market hours.
A Pre-open Call Auction Session shall be conducted for Sintex in the Capital Market segment on May 25, 2017, from 9 a.m. to 10:00 a.m. This is to determine the opening price of Sintex 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 Sintex during the trading day.
Refer the following two NSE circulars declaring the above information:
Circular for Adjustment of F&O contracts in SINTEX: https://goo.gl/uiht8m
Circular for Pre-open Call Auction Session in SINTEX: https://goo.gl/yIZdV0