As per the circular dated 25th August 2022, The National Stock Exchange of India has announced that due to a corporate action taking effect in Piramal Enterprises Limited (PEL), the following changes are applicable in PEL Equity and Derivative contracts:

• PEL has declared that 4 equity shares of ₹10 each (Face Value) will be issued and allotted for every 1 equity share of ₹2 held by PEL shareholders. The Record Date is 1st September 2022.
• All the existing derivative contracts expiring on 29th September, 27th October, and 24th November - 2022 will expire on 29th August 2022. The settlement will take place on 1st September.
• New Derivatives contracts on PEL will be introduced again with the same expiries (i.e., 29th September, 27th October, and 24th November 2022) on 30th August 2022.

To know more, refer to this circular.