| Corporate Action – ADANI ENTERPRISES, STATE BANK OF INDIA - SLB |
In pursuance of SEBI guidelines for appropriate adjustments for corporate actions vide their circular nos. SEBI circular CIR/MRD/DP/33/2010 dated October 07, 2010 and MRD/DoP/SE/Cir-31/2008 dated October 31 2008, the members of the SLB segment Kindly take the note of the same:
In view of a corporate action in the below securities there shall be a foreclosure of transactions. The foreclosure schedule is as under:
|
Security Name
|
Type of Corporate action
|
Book Closure/Record date
|
Ex Date
|
Foreclosure Date
|
Shut Period
|
|
ADANI ENTERPRISES LTD
|
SPIN OFF
|
04 June, 2015
|
03 June, 2015
|
01 June, 2015
|
29 May, 2015 to 04 June, 2015
|
|
STATE BANK OF INDIA
|
DIVIDEND
|
30 May, 2015
|
28 May, 2015
|
-
|
-
|
In case of foreclosure, lending fees for all open positions will be adjusted on a pro-rata basis. However, there will be no adjustment of lending fee on any transactions that are executed post the corporate action is announced and the market participants have been notified. Market participants should accordingly quote lending fee for a shorter transaction cycle.
All open positions in the above mentioned security shall be foreclosed on the foreclosure date (The reverse leg settlement will happen on the foreclosure date of the security)
Piyush Shelat
Associate Manager - Trading Operations |