Announcements

With reference to the to the SEBI Circular (SEBI/HO/MRD/TPD-1/P/CIR/2024/132) dated 01-Oct-24, please know that w.e.f. 20-Nov-24, each Exchange can provide derivatives contracts for only one of its benchmark indexes with weekly expiry. 

This means that from the aforementioned date, weekly derivatives contracts will be available only on one benchmark index for each Exchange. 

In light of this, please note the details of the indices that will be continued/discontinued. 

*The last weekly expiry for the discontinued indices is as follows:

Please note that no new weekly index option contracts will be generated after the last expiry dates mentioned above. 

For more details, refer to NSE Circular | BSE Circular.

Offer for Sale of the below company is open in NSE/BSE. To place your OFS request:

• Contact your sub-broker
• In case you don't have a sub-broker, call us at 18001020.

With reference to NSE’s circular, “The entire EPI value of sold securities without reduction of 20% upfront Margin shall be available as Margin for other positions across all the segments.“ 

In view of the above-mentioned clause, we are pleased to inform you that w.e.f 10-Oct-24, you will be getting 100% credit for stock holdings sold by you on the same day. Previously, this benefit was capped at 80%, with 20% of the sell amount reflecting under ‘Blocked Delivery Margin’.

Kindly note that this 100% of the sale value can also be used as a margin for subsequent trades.

Let’s understand this with an example: 

Kindly refer to ‘Trading Balance’ on the Account page or ‘Available Margin’ on the Order page through app or website for the correct available balance.

Please ignore the ‘Funds from Delivery Sell’ and ‘Blocked Delivery Margin’ values appearing in your Trading Balance Breakup on the app or website. We're working to correct this display to reflect the accurate value soon.

[Oct-24] The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement. 

Shareholders are granted Rights Entitlements (RE) by temporarily crediting their Demat accounts with RE, giving them the right to participate in a Rights Issue. Please note that these are Rights Entitlement and not Rights shares. To get the shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary, and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.

Here’s the listing for October 2024:

Please note: The value of RE will be zero after the Rights Issue closure date.

RE Trading Period: The Exchange will publish a circular 2 days prior to the issue open date.

How to apply for Rights Issue: The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount). 

• For the online ASBA process, visit the website of an SCSB (Self-certified Syndicate Bank) and apply.
• For the offline ASBA process, submit a physical application to participate in the Rights Issue at a designated SCSB. 

Here's alist of existing SCSBs.

For more details on Rights Issue/Rights Entitlement, please refer toBSE FAQs.

As per NSE’s Circular, due to corporate action (Amalgamation) shares of IDFC Ltd will be suspended from trading w.e.f 10-Oct-2024. Last day of trading IDFC Ltd. will be 09-Oct-2024.

Also, with reference to subsequent NSE’s Circular, the IDFC limited security will be excluded from Equity derivative Segment and all the existing contracts of expiry months October 2024, November 2024 and December 2024 will expire on 09-Oct-2024. 

If you have any existing open positions in these contracts, kindly take the below steps:

• Maintain 100% margin (Full contract value) on or before 09-Oct-2024 to avoid RMS square-off and/or margin shortfall penalty.
• Square-off any existing open positions by 09-Oct-2024 to avoid physical settlement and/or margin shortfall penalty.

We request you to take appropriate action as per your investments.

Stay ahead of the curve with our monthly Corporate Actions roundup! 

Corporate actions have an impact on your portfolio and thus, staying informed is a key. To help you stay up-to-date, we’ve compiled a list of all the corporate actions happening this month. Whether you are tracking a subdivision that could adjust your shareholdings, a buyback that will boost your stock, or your share of profits in the form of dividends, we’ve got you covered. 

Various types of corporate actions we have covered here are sub-divisions, dividends, bonus issues, buybacks, takeovers, delistings, and name changes. So, dive in, explore the details, and stay ahead in your investment journey. 

Bonus Issue

A bonus Issue is a corporate action in which a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

Subdivision/Stock Split

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.

Name Change

Demerger

It is a form of corporate restructuring wherein an entity is segregated into small entities to function individually. 

Amalgamation

A form of corporate restructuring wherein two or more companies merge or unite and work together as one entity. 

Suspension of Trading in Shares

As per a recent NSE Circular, the Quantity Freeze Limit and market lots for different indices have been revised w.e.f 01-Oct-24.

Below are the Quantity Freeze Limits and Maximum Lots per Order applicable for the mentioned indices.

Refer: NSE Circular

Offer for Sale of the below company is open in NSE/BSE. To place your OFS request:

• Contact your sub-broker
• In case you don't have a sub-broker, call us at 18001020.