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July 28, 2022
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 Name | Record date | Ex-Split basis from Date |
| Tata Steel Ltd. | 29-Jul-22 | 28-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 Name | Current Market Lot size for F&O contracts | Revised Market lot size for F&O contracts |
| Tata Steel Ltd. | 425 | 4250 |
Refer: NSE circular | BSE circular
