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:
Company HINDUSTAN ZINC LTD (Derivative Asset code – HNZL, Equity Scrip Code - 500188) has informed Exchange that the Company has fixed November 01,2018 as the Record Date for the purpose of Payment of Special Interim Dividend at the rate of Rs. 20 per equity share of face value of Rs. 2/- each for the financial year 2018-19.
In view of the above, the Exchange shall make the necessary adjustments for all the available Futures & Options contracts on the underlying scrip HINDUSTAN ZINC LTD (Derivative Asset code –HNZL) on October 30, 2018, the ‘ex-date’ being October 31, 2018.
A) Adjustments for Options Contracts: The full value of dividend i.e. Rs. 20/- shall be deducted from all strike prices generated at the end of October 30, 2018 and adjusted strike prices shall be available for trading w.e.f October 31, 2018.
B) Adjustments for Futures Contracts: The adjusted futures price will be arrived at reference rate less dividend amount Rs.20/-. The reference rate used will be daily mark to market settlement price of the relevant futures contract on October 30, 2018. The adjusted rate shall be applicable as a base rate / previous close for trading with effect from October 31, 2018.
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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Sandeep Pujari
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Sr. GM – Trading Operations
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AGM – Trading Operations
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