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September 28, 2023
Adjustment of F&O contracts and Stock sub-division of HAL
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 Hindustan Aeronautics Ltd. (Scrip Code: 541154) will be divided into 2 equity shares. The key dates for the split are as follows:
| Company Name | Record date | Ex-Split basis from Date |
| Hindustan Aeronautics Ltd. | 28-Sep-23 | 28-Sep-23 |
In pursuant to the split of equity shares, the market lot size for F&O contracts of Hindustan Aeronautics Ltd. will be revised w.e.f. 28-Sep-23 as follows:
| Scrip Name | Current Market Lot size for F&O contracts | Revised Market lot size for F&O contracts |
| Hindustan Aeronautics Ltd. | 300 | 600 |
Refer: NSE circular | BSE circular
