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 BHARAT PETROLEUM CORPORATION LTD (Derivative Asset code – BPCL, Equity Scrip Code -500547) has informed Exchange that the Company has declared Final Dividend of Rs 58/- per equity share of face value of Rs. 10/- each (including one-time special dividend of Rs. 35 per equity share of Rs. 10 each), subject to approval of the shareholders. Bharat Petroleum Corporation Limited has informed the Exchange that Register of Members & Share Transfer Books of the Company will remain closed from 18-Sep-2021 to 27-Sep-2021(both days inclusive) for the purpose of payment of final dividend.
In view of the above, the Exchange shall make the necessary adjustments for all the available Futures & Options contracts on the underlying scrip BHARAT PETROLEUM CORPORATION LTD (Derivatives Asset Code – BPCL) on Thursday, September 16, 2021, the ‘ex-date’ being Wednesday, September 15, 2021.
A) Adjustments for Options Contracts:
The full value of dividend i.e. Rs.58/- shall be deducted from all strike prices generated at the end of September 15,2021 and adjusted strike prices shall be available for trading w.e.f September 16,2021.
B) Adjustments for Futures Contracts:
The adjusted futures price will be arrived at reference rate less dividend amount Rs.58/-
The reference rate used will be daily mark to market settlement price of the relevant futures contract on September 15,2021. The adjusted rate shall be applicable as a base rate / previous close for trading on September 16, 2021.
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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Sr.GM – Trading Operations
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AGM – Trading Operation
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