RIL has fixed July 20 as the record date for the share allotment of the demerged entity Reliance Strategic Investments Ltd to its shareholders. Under the demerger, shareholders of RIL will get one share of Reliance Strategic Investments for every share held in the conglomerate.
Therefore, all existing contracts with expiry dates of July 27, August 31, and September 28 will expire on July 19, the exchange said.
“Derivatives contracts on Reliance shall be introduced again (with expiry July 27, August 31, and September 28) from July 20 being the ex-date of the underlying.
The list of option strikes will be made available for trading on July 20 and will be intimated through a separate circular on July 19 after market hours.
Based on the price determined after markets open on July 20, a minimum of 5 in-the-money strikes, 1 at-the-money strike, and 5 out-of-the-money strikes will be made available to the market, NSE said.
Depending upon the price movement of the stock in the cash segment, further strike prices will be made available during the day from within a list of strikes.The demerged entity Reliance Strategic Investments would be renamed Jio Financial Services (JFSL) and listed on the exchanges.
In the upcoming annual general meeting, Ambani is expected to share a detailed roadmap for the financial services business and the approximate date of JFSL listing.
Reports earlier said that Jio Financial may get listed in September.
Shares of RIL were trading nearly 1% higher on the NSE at Rs 2,788.75. On Wednesday, the stock scaled a fresh 52–week high of Rs 2,802.
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