Adjustment in Futures and Options contracts of Federal Bank

By October 12, 2013 Trading No Comments

Adjustment in Futures and Options contracts of Federal Bank due to Stock Split from Rs. 10 to Rs. 2 per equity shares.

Ex Date 17.10.2013.  Split Ratio 10:2

 The Federal Bank Limited has informed the Exchange that the Board, in its meeting held on September 14, 2013 has fixed October 18, 2013, as the Record Date and  Ex Date as October  17, 2013 for the sub-division of the equity shares from Rs.10 to Rs.2 per equity share. Hence each shareholder would be entitled to receive 5 Equity Shares of Rs.2 each. Lot size would increase from 500 to 2500 quantity.

The details of the revised option strike prices, futures prices and quantity freeze limit will be informed to members separately on October 15, 2013 presumably as given below :

 Positions before & after  for Futures  in Federal Bank EOD 16th Oct 2013 & 17th Oct 2013 :

Security

Expiry Date Long position EOD 16.10.2013 Short position EOD 16.10.2013 A Long position Short position

Symbol

Day

on 17.10.2013

On 17.10.2013

 

After

   
       
FEDERALBNK

31-Oct-13

500

0

2500

0

FEDERALBNK

31-Oct-13

0

500

0

2500

FEDERALBNK

31-Oct-13

0

1000

 

0

5000

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