1. Adjustment for corporate actions shall be carried out on the last day on which a security is traded on a cum basis in the underlying cash market.
2. Adjustments shall mean modifications to positions and/or contract specifications namely strike price, position, market lot, and multiplier. These adjustments shall be carried out on all open, exercised as well as assigned positions.
3. The corporate actions may be broadly classified under stock benefits and cash benefits. The various stock benefits declared by the issuer of capital are bonus, rights, merger/ de–merger, amalgamation, splits, consolidations, hive–off, warrants and secured premium notes and dividends.
