Adjustment of F&O contracts and Bonus Issue of PEL

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 shareholders.

As per the recent NSE circular, Piramal Enterprises Ltd. is issuing 4  bonus shares in Piramal Pharma Ltd. for every 1 existing share held in Piramal Enterprises Ltd. The key dates for the Bonus Issue are as follows:

Company NameRecord dateEx-Bonus basis from Date 
Piramal Enterprises Ltd.01-Sep-2230-Aug-22

In pursuant to the bonus issue of equity shares, the new F&O contracts with revised market lot of Piramal Enterprises Ltd will be available for trading w.e.f. 30-Aug-22 for the expiry of Sept-22, Oct-22 and Nov-22. 

Scrip NameRevised Market lot size for F&O contracts
Piramal Enterprises Ltd.275

Refer: NSE circular

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