NSE Clearing Limited has issued a circular (NCL/CMPT/62958) providing specific instructions for early pay-in of KPI Green Energy Limited (KPIGREEN) securities due to a face value split from ₹10 to ₹5 per share. This action is in reference to the company's corporate action with a record date of July 18, 2024.
Members executing early pay-in (EPI) on July 18th must do so in the existing/old ISIN without adjusting for the split. For EPI on July 19th, both the old and new ISINs are applicable. For example, if selling 10 shares, the early pay-in in the depository should be for 5 shares in the old ISIN on the ex-date/record date.
Custodians using pool accounts for early pay-in must upload client-wise allocation details as per the actual traded quantity, while those using the block mechanism should not upload this file.
After the record date, market participants/custodians must execute pay-in/early pay-in instructions in the new ISIN. For further clarification, the NSE Clearing help desk can be contacted.
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