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August 16, 2022
Adjustment of F&O contracts and Bonus Issue of RECLTD
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent NSE circular, REC Ltd. is issuing 1 bonus share for every 3 existing shares held. The key dates for the Bonus Issue are as follows:
| Company Name | Record date | Ex-Bonus basis from Date |
| REC Ltd. | 18-Aug-22 | 17-Aug-22 |
In pursuant to the bonus issue of equity shares, the market lot size for F&O contracts of REC Ltd. will be revised w.e.f. 18-Aug-22 as follows:
| Scrip Name | Current Market Lot size for F&O contracts | Revised Market lot size for F&O contracts |
| REC Ltd. | 6000 | 7980 |
Refer: NSE circular | BSE circular
