Notice No20190118-41Notice Date18 Jan 2019
CategoryCorporate ActionsSegmentDerivatives
SubjectAdjustment of Futures and Options contracts on account of Scheme of Arrangement of KPIT Technologies Ltd

Trading Members of the Exchange are hereby informed that, KPIT Technologies Ltd has informed BSE that the Company has fixed Record Date as January 25,2019 for the purpose of issuance and allotment of 1 (One) fully paid up equity share of INR 10 (Indian Rupees Ten) each of KPIT Engineering Ltd for every 1 (One) equity shares of INR 2 (Indian Rupees Two) each held in KPIT Technologies Ltd pursuant to composite scheme of arrangement among Birlasoft (India) Ltd, KPIT Technologies Ltd and  KPIT Engineering Ltd.


In view of the above, the Exchange shall make the necessary adjustments for all the available Futures & Options contracts on the underlying scrip KPIT Technologies Ltd (Derivatives Asset Code – KPIT) as follows –

·        All the existing Futures & Options contracts on the underlying scrip KPIT Technologies Ltd shall expire on January 23,2019. Derivatives contracts on KPIT Technologies Ltd shall be reintroduced from January 24,2019, being the ex-date. 

·        Based on the price determined after completion of the pre-open call auction session at 10:00 am in equity segment for scrip KPIT Technologies Ltd on January 24,2019 a minimum of 7 In the money, 1 At the money and 7 Out of the money strikes shall be made available for trading.

·        Futures and options contracts of scrip KPIT Technologies Ltd shall be made available for trading in equity derivatives segment after the underlying scrip moves in normal market in equity segment at 10:00 am on January 24,2019.

For any further clarifications, Trading members are requested to contact their designated Relationship Managers.


 For & on behalf of BSE Ltd,


Ketan Jantre

Sandeep Pujari

Sr.GM – Trading Operations

AGM – Trading Operations