As per the circular dated 12th July 2023, The National Stock Exchange of India has announced that due to a demerger taking effect in Reliance Industries Limited, the following changes are applicable to Reliance Industries Derivative contracts:

• Shareholders will receive 1 equity share (Face value: ₹10) of Reliance Strategic Investments Limited post-demerger for every 1 equity share (Face value: ₹10) held in Reliance Industries Ltd. The Record date is 19th July 2023.
• All existing derivative contracts in the underlying Reliance Industries, expiring July 2023, August 2023, and September 2023, will expire on 19th July 2023, and Futures and ITM options contracts will be physically settled on 20th July 2023. As a result, Reliance Industries Derivative contracts will be blocked for trading on 19th July 2023. For more details on the FYERS physical settlement policies, refer to this blog.
• New derivative contracts for Reliance Industries will be introduced again with expiry on 27th July 2023, 31st August 2023, and 28th September 2023, from July 20, 2023. The list of option strikes from which specific strike prices would be made available for trading from July 20, 2023 onwards, and will be intimated through a separate circular on 19th July 2023, aftermarket hours.
• Clients must maintain the full contract value of the derivatives to take physical delivery of shares.

To know more, refer to this circular.