Review of Adjustment of corporate actions for Stock Options

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..... 8/01 dated June 21, 2001, prescribed a framework for adjustment of corporate actions for stock option contracts. Further, SEBI, vide Circular No. SMDRP/DC/CIR-15/02 dated December 18, 2002, set out principles for adjustment in derivative contracts at the time of corporate actions. 2. SEBI has been receiving representations from various stakeholders requesting to review the dividend adjustment f .....

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..... cember 18, 2002 shall remain unchanged. 5. Stock Exchanges are advised to: 5.1. take necessary steps and put in place necessary systems for implementation of the above. 5.2. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision. 5.3. bring the provisions of this circular to the notice of the member brokers of the stock ex .....

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