Adjustment of F&O contracts and Bonus Issue of MOTHERSON
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent NSE circular, Samvardhana Motherson International Ltd is issuing 1 bonus share for every 2 existing shares held. The key dates for the Bonus Issue are as follows:
Company Name | Record date | Ex-Bonus basis from Date |
Samvardhana Motherson International Ltd. | 03-Oct-22 | 03-Oct-22 |
In pursuant to the bonus issue of equity shares, the market lot size for F&O contracts will be revised w.e.f. 03-Oct-22 as follows:
Scrip Name | Revised Market lot size for F&O contracts |
Samvardhana Motherson International Ltd. | 6750 |
Refer: NSE circular