https://www.taxtmi.com/circulars?id=61467 Adjustments to exchange traded stock option contracts must preserve the value of the position across cum and ex dates by modifying strike price, position size and/or market lot/multiplier as needed; adjustments occur on the last cum trading day and apply to all open, exercised and assigned positions. Specific formulas govern bonus, split, consolidation and rights issue adjustments; fractional results are managed by rounding strike and lot and reconciling any residual value difference through group determined adjustment so as to avoid forced position closure. Ordinary small dividends are not adjusted; extraordinary dividends are adjusted. en-us Thu, 21 Jun 2001 00:00:00 +0530 Wed, 12 Jun 2019 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61467 Adjustments to exchange traded stock option contracts must preserve the value of the position across cum and ex dates by modifying strike price, position size and/or market lot/multiplier as needed; adjustments occur on the last cum trading day and apply to all open, exercised and assigned positions. Specific formulas govern bonus, split, consolidation and rights issue adjustments; fractional results are managed by rounding strike and lot and reconciling any residual value difference through group determined adjustment so as to avoid forced position closure. Ordinary small dividends are not adjusted; extraordinary dividends are adjusted. Circulars SEBI Thu, 21 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61467