Description

NSE Clearing has revised the market wide position limits, trading member-wise position limits, and FII/FPI and mutual fund position limits for ADANI ENTERPRISES LIMITED effective November 17, 2025.

Summary

NSE Clearing Limited has issued revised position limits for ADANI ENTERPRISES LIMITED (ADANIENT) derivatives effective from November 17, 2025. This circular modifies previous limits set in circular no.125/2025 dated September 22, 2025, and implements changes to market wide position limits, trading member position limits, and FII/FPI and mutual fund position limits for the security.

Key Points

  • Market Wide Position Limit set at 30,942,206 shares
  • Overall Stock Limit for Trading Members, FII/FPI (Category I) & Mutual Funds: 9,282,360 shares
  • FPI Category II (other than individuals, family offices and corporates): 6,188,343 shares
  • FPI Category II (individuals, family offices and corporates): 3,094,017 shares
  • Circular effective from trade date November 17, 2025
  • Partial modification of circular no.125/2025 (NCL/CMPT/70316) dated September 22, 2025
  • Issued pursuant to circular no.043/2025 (NCL/CMPT/67750) dated April 29, 2025

Regulatory Changes

The circular modifies the position limit framework for ADANI ENTERPRISES LIMITED derivatives by establishing new quantitative limits across different participant categories. The changes differentiate between FPI Category II participants based on their classification (institutional versus individuals/family offices/corporates), with different position limits assigned to each subcategory.

Compliance Requirements

  • All members must adhere to the revised position limits for ADANIENT from November 17, 2025
  • Trading members must ensure their positions do not exceed 9,282,360 shares
  • FII/FPI Category I and mutual funds must comply with the 9,282,360 share limit
  • FPI Category II (non-individual/non-family office/non-corporate) participants limited to 6,188,343 shares
  • FPI Category II (individuals, family offices and corporates) limited to 3,094,017 shares
  • Market wide positions across all participants cannot exceed 30,942,206 shares

Important Dates

  • Circular Issue Date: November 14, 2025
  • Effective Date: November 17, 2025 (trade date)

Impact Assessment

This circular has a targeted impact on participants trading ADANI ENTERPRISES derivatives. The revised limits may affect position management strategies for trading members, foreign institutional investors, and mutual funds. The differentiated limits for FPI Category II participants (with individuals/family offices/corporates receiving approximately half the limit of other Category II participants) creates a tiered framework that may influence participation patterns. Market participants holding positions approaching these limits will need to adjust their strategies before the November 17 effective date to ensure compliance.

Impact Justification

Impacts trading and position management for ADANI ENTERPRISES derivatives across multiple participant categories with specific numeric limits, but affects only one stock