Adjustment of Futures & Options Contracts in Aditya Birla Fashion and Retail Limited (ABFRL)
As part of the demerger process, ABFRL has informed the Exchange that it has fixed 22 May 2025 as the Record Date for the issuance and allotment of 1 fully paid-up equity share of Aditya Birla Lifestyle Brands Ltd for every 1 equity share of Aditya Birla Fashion and Retail Ltd. (ABFRL) held by existing shareholders.
Due to this corporate action, please take note of the following impact on your F&O contracts:
– All ABFRL F&O contracts with expiry dates 29 May 2025, 26 June 2025 and 31 July 2025 shall expire on 21 May 2025 and will be physically settled as per Exchange rules.
– The Clearing Corporations will separately intimate the methodology of settlement.
– No fresh positions will be allowed in the F&O segment of ABFRL from 20 May 2025 onward.
– ABFRL positions with insufficient fund value or stock (in case of short positions) will be squared off anytime after 10 AM on 21 May 2025, on a best-effort basis.
– Collateral margins on ABFRL will be subject to a 50% haircut from 21 May 2025 onward.
– All MTF positions in ABFRL will be squared off or converted to delivery, based on fund availability, post 10 AM on 21 May 2025, on a best-effort basis.
– New F&O contracts on ABFRL (with expiry 29 May, 26 June and 31 July 2025) will be introduced from 22 May 2025 onwards.
– The range of Option strike prices available for trading from 22 May 2025 will be communicated via a separate circular on 21 May 2025, after market hours.
You can also refer to the circular here.
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