Adjustment of F&O contracts and Stock sub-division of TATASTEEL

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 Tata Steel Ltd. (Scrip Code: 500470) of Face Value of Rs. 10 will be sub-divided into 10 equity shares of Face value of Re. 1 each. The key dates for the Split are as follows:

Company NameRecord dateEx-Split basis from Date 
Tata Steel Ltd.29-Jul-2228-Jul-22

In pursuant to the split of equity shares, the market lot size for F&O contracts of Tata Steel Ltd. will be revised w.e.f. 28-Jul-22 as follows:

Scrip NameCurrent Market Lot size for F&O contractsRevised Market lot size for F&O contracts
Tata Steel Ltd.                  4254250

Refer: NSE circular | BSE circular

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