Adjustment of F&O contracts and Stock sub-division of HAL
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per the recent NSE circular, 1 equity share of Hindustan Aeronautics Ltd. (Scrip Code: 541154) will be divided into 2 equity shares. The key dates for the split are as follows:
|Company Name||Record date||Ex-Split basis from Date|
|Hindustan Aeronautics Ltd.||28-Sep-23||28-Sep-23|
In pursuant to the split of equity shares, the market lot size for F&O contracts of Hindustan Aeronautics Ltd. will be revised w.e.f. 28-Sep-23 as follows:
|Scrip Name||Current Market Lot size for F&O contracts||Revised Market lot size for F&O contracts|
|Hindustan Aeronautics Ltd.||300||600|