Adjustment in Stock Option Contracts and Single Stock Futures Contracts at the time of Corporate Action

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of NSE BSE and their Clearing House / Corporation. Dear Sir, Sub: Adjustment in Stock Option Contracts and Single Stock Futures Contracts at the time of Corporate Action. This is in continuation with SEBI Circular No.SMDRP/DC/CIR-8/01 dated June 21, 2001 and SEBI Circular No.SMD/DC/Cir-10/01 dated November 2, 2001 regarding adjustment in derivative contracts at the t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ew of the experience already gained by the Exchanges (The Stock Exchange, Mumbai (BSE) and The National Stock Exchange of India Ltd (NSE)) in the treatment of corporate actions, the sub-committee of the ACD constituted to determine the manner of adjustment in derivative contracts at the time of corporate action, is being dissolved. The Exchanges may now determine the manner of adjustment .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X