In pursuance of Exchange notice number 20180710-26 regarding Review of Adjustment of corporate actions for stock options, and in line with SEBI Master circular No SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016 trading members of Equity Derivatives Segment are hereby informed the following:
Oil and Natural Gas Corporation Ltd (Derivative Asset code –ONGC, Equity Scrip Code -500312) has informed Exchange that the Company has fixed November 20, 2024 as Record Date for the purpose of Payment of Interim Dividend at the rate of Rs. 6/- per equity share for the financial year 2024-25.
In view of the above, the Exchange shall make the necessary adjustments for all the available Futures & Options contracts on the underlying scrip Oil and Natural Gas Corporation Ltd (Derivatives Asset Code – ONGC) on Monday, November 18, 2024, the ‘ex-date’ being Tuesday, November 19, 2024.
A) Adjustments for Options Contracts:
The full value of dividend i.e. Rs. 6/- shall be deducted from all strike prices generated at the end of November 18, 2024 and adjusted strike prices shall be available for trading w.e.f. November 19, 2024.
B) Adjustments for Futures Contracts:
The adjusted futures price will be arrived at reference rate less dividend amount Rs. 6/-
The reference rate used will be daily mark to market settlement price of the relevant futures contract on November 18, 2024. The adjusted rate shall be applicable as a base rate / previous close for trading on November 19, 2024.
For further details members are requested to contact their respective relationship manager.
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For & on behalf of BSE Ltd,
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Ketan Jantre
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Sameer Vaze
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Head – Trading Operations
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DGM – Trading Operation
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