Notice Board

As per the circular dated May 17, 2024, issued by the National Stock Exchange (NSE), there will be adjustments to the Futures and Options (F&O) contracts of Vedanta Limited (VEDL) due to the extraordinary dividend. These adjustments will take effect from May 24, 2024.

Details of Adjustments:

Particulars	Futures Contracts	Options Contracts
Adjustment	Positions will be marked-to-market on the last cum-dividend date, May 23, 2024. Open positions carried forward at the daily settlement price less ₹11. From May 24, 2024, daily mark-to-market settlement continues as normal.	₹11 deducted from all cum-dividend strike prices on the ex-dividend date. Positions in existing strike prices continue at new adjusted strike prices.
Example	For instance, if XYZ company, with a share price of ₹1000, pays a dividend of ₹25, and the futures value is ₹1003, the futures value will be adjusted to ₹978 (1003-25).	For instance, if the option strike price is set at ₹1000 CE/PE and a dividend of ₹25 is paid, the adjusted option strike price after the dividend payment would be ₹975 CE/PE (1000-25).

Important Points:

The lot size of the F&O contracts will remain unchanged.
If you hold equity shares of VEDL in your Demat account as of May 24, 2024 (ex-date), you will receive the dividend directly in your bank account within 30 days.

For more details, please refer to the NSE Circular.

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