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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