Circulars

ADJUSTMENT OF FUTURES AND OPTIONS CONTRACTS IN THE SECURITY BHARTIARTL

All Members, 

Adjustment of Futures and Options contracts in the security BHARTIARTL 

In pursuance of SEBI guidelines for adjustments to futures and options contracts on announcement of corporate action, the members are informed of the following: 

Bharti Airtel Limited (BHARTIARTL) has informed the Exchange that Board of Directors at its meeting held on February 28, 2019, has decided to issue equity shares on rights basis in the ratio of 19 : 67, i.e 19 Equity Shares for every 67 Equity Shares held. Issue Price is 220 per share. Further the company has fixed Record Date as April 24, 2019 for the purpose of determining the shareholders who will be eligible to apply for the Issue. 

Symbol : BHARTIARTL 

Rights ratio : 19:67 

Ex-date : April 23, 2019 

Adjustments for Options Contracts: 

1. Strike Price: The adjusted strike price shall be arrived at by multiplying the old strike price by the adjustment factor. 

2. 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 1851. 

Adjustments for Futures Contracts: 

1. Futures price: The adjusted Futures base price shall be arrived at by multiplying the old Futures base price by the adjustment factor. 

2. 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 1851. 

The above changes shall be effective from April 23, 2019. 

Members are advised to load the updated contract.gz file in the trading application before trading on April 23, 2019. This file can be obtained from the directory faoftp/faocommon on the Extranet server. 

The revised Quantity Freeze limit for contracts of BHARTIARTL with effect from April 23, 2019 will be 129604. 

The details of the adjustment factor computation and revised option strike prices available for trading in the security of BHARTIARTL with effect from April 23, 2019 are given in Annexure-1.....Read More

23 Apr 2019 09:22 AM