The settlement of futures and option contracts in the security Grasim Industries Limited. (GRASIM) on account of scheme of arrangement, shall be as under:
Ø The ex-date in this regard shall be May 26, 2010.
Ø All existing contracts in the underlying GRASIM i.e. contracts with expiry dates May 27, 2010, June 24, 2010 and July 29, 2010 shall expire on May 25, 2010
Ø and shall be finally settled at the relevant settlement price.
Ø The sett price to be reckoned for the purpose of final sett shall be the closing price of GRASIM in the Capital Market segment of NSE, on May 25,2010.
Ø All positions in the existing futures and options contracts on the underlying GRASIM shall cease to exist pursuant to the final settlement on May 25, 2010.
Ø The Pay in/pay out of final settlement of all F&O contracts on GRASIM shall be on May 26, 2010(T+1 day).
|COMPANY NAME CODE||RECORD DATE||PURPOSE||EX-ENTITLEMENT FROM DATE & SETT. NO.|
|Grasim Industries Ltd. (500300 and 600300)||28-05-2010||Scheme of Arrangement: –
Demerger of the Cement Division of Grasim Industries Ltd. and its vesting in Samruddhi Cement Ltd.
Upon the coming into effect of the Scheme and in consideration of the transfer and vesting of the Cement Division of Grasim Industries Ltd. into Samrudhi Cement Ltd; Samruddhi Cement Ltd. shall issue and allot in the ratio of 1(ONE) equity share of Rs.5/- each fully paid up of Samruddhi Cement Ltd. for every 1 (ONE) Equity Share of Rs.10/- each fully paid up held in Grasim Industries Ltd.