Dr Reddy’s Laboratories (₹6,664), last week, announced a stock split with a ratio of 5:1. The split will lead to necessary adjustments in the futures and options (F&O) contracts on this stock on the record date. On this day, the stock price and all derivatives contracts on Dr Reddy’s Laboratories will be adjusted appropriately. With respect to adjustment in futures contracts, the reference rate of the relevant contract on October 25 will be considered. Likewise, in options, all the strike prices in the option chain of Dr Reddy’s Laboratories will be divided by 5 from October 28.

Source: The Hindu October 13, 2024 05:23 UTC