NOTICES
Notice No. 20230111-48 Notice Date 11 Jan 2023
Category Corporate Actions Segment Derivatives
Subject Adjustment of Futures and Options contracts in the security TATA CONSULTANCY SERVICES LTD in Equity Derivative Segment
Content

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:<_o3a_p>

TATA CONSULTANCY SERVICES LTD(Derivative Asset code -TCSL, Equity Scrip Code -532540) has informed Exchange that the Company has fixed January 17, 2023 as the Record Date for the purpose of Payment of Interim Dividend at the rate of Rs. 8/- and Special Dividend at the rate of Rs. 67/- per equity share for the financial year 2022-23.<_o3a_p>

In view of the above, the Exchange shall make the necessary adjustments for all the available Futures & Options contracts on the underlying scrip TATA CONSULTANCY SERVICES LTD (Derivatives Asset Code - TCSL) on Friday, January 13, 2023, the 'ex-date' being Monday, January 16, 2023.<_o3a_p>

A) Adjustments for Options Contracts:<_o3a_p>

The full value of dividend i.e. Rs.75/-(Rs.8 + Rs.67) shall be deducted from all strike prices generated at the end of January 13, 2023 and adjusted strike prices shall be available for trading w.e.f. January 16, 2023.<_o3a_p>

B) Adjustments for Futures Contracts:<_o3a_p>

The adjusted futures price will be arrived at reference rate less dividend amount Rs.75/-<_o3a_p>

The reference rate used will be daily mark to market settlement price of the relevant futures contract on January 13, 2023. The adjusted rate shall be applicable as a base rate / previous close for trading on January 16, 2023.<_o3a_p>

For further details members are requested to contact their respective relationship manager.<_o3a_p>

For & on behalf of BSE Ltd,<_o3a_p>

<_o3a_p>

<_o3a_p>

<_o3a_p>

Ketan Jantre<_o3a_p>

Sameer Vaze<_o3a_p>

Sr.GM - Trading Operations<_o3a_p>

AGM - Trading Operation<_o3a_p>

Attachments

Disclaimer

BSE Ltd. published this content on 11 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2023 14:14:12 UTC.