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NSE Announces Adjustment of Futures and Options Contracts for TATA Consumer Products Ltd.

Mumbai, 24th July 2024 – The National Stock Exchange of India Limited (NSE) has issued a circular regarding the adjustment of futures and options (F&O) contracts for TATA Consumer Products Limited (TATACONSUM) following the announcement of a corporate action. This adjustment aligns with SEBI guidelines and is set to take effect on 26th July 2024.

The key details of the adjustment are as follows:

Corporate Action Details:

• Symbol: TATACONSUM
• Company Name: TATA Consumer Products Limited
• Type of Corporate Action: Rights Issue
• Face Value: ₹1/-
• Ratio: 1:26
• Ex-Date & Effective Date: 26th July 2024
• Adjustment Factor: 0.987569
• Adjusted Revised Market Lot: 456
• Revised Option Strike Prices: Will be provided one day prior to the ex-date/effective date.

Further information regarding the adjustment details can be accessed here.

Important Points to Note:

1. The changes will be effective from the ex-date/effective date as specified.
2. The revised options strike/futures base prices and the lot size due to adjustment will be rounded off to the nearest tick size and integer respectively.
3. Detailed information on the revised option strike prices, futures prices, lot size, and quantity freeze limit will be circulated one day prior to the ex-date/effective date.
4. Members should update the contract files on their trading applications before the ex-date/effective date. These files are available in the faoftp/faocommon directory on the Extranet server and on the NSE website.
5. The methodology for position adjustments will be separately communicated by the respective Clearing Corporation.

For any further information, members can contact the NSE helpline at 1800-266-0050 (Option 1) or via email at msm@nse.co.in.

Annexure: Adjustment Factor Calculation

• Underlying Close Price on the Last Cum Date (P): ₹1231.25
• Issue Price of the Rights (S): ₹818
• Rights Entitlement (A): 1
• Number of Existing Shares (B): 26
• Total Entitlement (A+B): 27
• Benefit per Right Entitlement (C): ₹413.25
• Benefits per Share (E): ₹15.30555556
• Adjustment Factor (AF): 0.987569

This adjustment factor calculation is indicative and provided for example purposes only.