Mon Oct 28 05:58:06 UTC 2024: ## Reliance Industries Announces 1:1 Bonus Share Split, Adjustments to F&O Contracts

**Mumbai, India** – Reliance Industries (RIL) has announced a 1:1 bonus share split, effectively doubling the number of outstanding shares. The move will come into effect on October 28, with the stock price and all derivatives contracts adjusted accordingly.

The bonus share split will see the face value of each equity share reduced to ₹5 from ₹10. To reflect this change, futures and options (F&O) contracts on RIL will undergo necessary adjustments.

The reference rate for futures contracts will be based on the mark-to-market settlement price of the relevant futures contract on October 25. This means that open positions will be carried forward to October 28 at half the daily settlement price on October 25. For example, the nearest expiry futures (October contract), which closed at ₹2,657.7 on October 25, will be revised to ₹1,328.85. The lot size for futures contracts will also increase from 250 shares to 500 shares, ensuring no change in the contract value.

For options contracts, all strike prices will be halved from October 28 onwards. This means that a strike price of 2,740 will become 1,370, and a strike price of 2,760 will become 1,380.

While these adjustments will affect the trading of RIL’s F&O contracts, analysts believe the overall trend of the stock is unlikely to be impacted. Traders are advised to note the changes in their contracts and continue with their existing strategies.

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