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 NameRecord dateEx-Split basis from Date 
Hindustan Aeronautics Ltd.28-Sep-2328-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 NameCurrent Market Lot size for F&O contractsRevised Market lot size for F&O contracts
Hindustan Aeronautics Ltd.                  300600

Refer: NSE circular | BSE circular

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