Adjustment of F&O contracts and Bonus Issue of TORNTPHARM

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, Torrent Pharmaceuticals Ltd. is issuing 1  bonus share for every 1 existing share held. The key dates for the Bonus Issue are as follows:

Company NameRecord dateEx-Bonus basis from Date 
Torrent Pharmaceuticals Ltd.11-Jul-2208-Jul-22

In pursuant to the bonus issue of equity shares, the market lot size for F&O contracts of Torrent Pharmaceuticals Ltd. will be revised w.e.f. 8-Jul-22 as follows:

Scrip NameCurrent Market Lot size for F&O contractsRevised Market lot size for F&O contracts
Torrent Pharmaceuticals Ltd.250500

Refer: NSE circular | BSE circular

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