Description
BSE announces adjustments to F&O contracts for Nestle India Ltd due to 1:1 bonus issue with record date August 8, 2025.
Summary
BSE will adjust all Futures & Options contracts for Nestle India Ltd (scrip code 500790, derivatives asset code NESL) due to a 1:1 bonus issue. The company has set August 8, 2025 as the record date, with adjustments effective end of day August 7, 2025.
Key Points
- Bonus ratio: 1 bonus share for every 1 existing share (1:1)
- Adjustment factor: 2 (calculated as (1+1)/1)
- Strike prices will be halved (divided by adjustment factor)
- Market lot will double from 250 to 500 shares
- Positions will be doubled (multiplied by adjustment factor)
- Futures prices will be halved and rounded to nearest tick size
Regulatory Changes
Adjustments made in compliance with SEBI guidelines for F&O contract modifications due to corporate actions.
Compliance Requirements
- Trading members must note the contract adjustments
- All existing F&O positions will be automatically adjusted by the exchange
- Members should contact designated Relationship Managers for clarifications
Important Dates
- Record Date: August 8, 2025
- Ex-Date: August 8, 2025
- Adjustment Effective: End of day August 7, 2025
Impact Assessment
Routine adjustment that maintains contract value equivalence while reflecting the bonus issue. Traders with existing positions will see doubled quantities at halved strike prices/futures prices, maintaining economic value.
Impact Justification
Standard F&O contract adjustment for bonus issue affecting active derivative traders