Adjustment of F&O contracts and stock sub-division of Persistent Systems Ltd.

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 BSE circular, 1 equity share of Persistent Systems Ltd. (Scrip Code: 533179) will be divided into 2 equity shares. The key dates for the split are as follows:

Company NameRecord dateEx-Split basis from Date 
Persistent Systems Ltd.01-Apr28-Mar

Pursuant to the split of equity shares, the market lot size for F&O contracts will be revised as follows:

Scrip NameCurrent Market Lot size for F&O contractsRevised Market lot size for F&O contracts
Persistent Systems Ltd.                  100200

Refer: BSE circular | NSE Circular

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