Siemens has fixed April 7 as the ex-date for issuance and allotment of one fully paid-up equity share of ₹2 each of Siemens Energy India for every one equity share of face value of ₹2 each to shareholders of Siemens.
Due to this, all existing contracts with expiry dates of April 24, May 29 and June 26 expired on Friday i.e., April 4. Fresh futures and options (F&O) contracts will be introduced on April 7 as this is the ex-date of the underlying. The expiry dates for the revised contracts will be the same as earlier April 24, May 29 and June 26.
Since Siemens is a constituent of few indices like Nifty Next50, Nifty 100, etc., the weightages will change. Based on the closing price of Siemens on April 7, there will be revision in weightages for the indices. Revised weights will be applicable from April 9.
In another development, NSE has said that no new derivative contracts on Berger Paints India will be available for trading with effect from April 25. Earlier, it was announced that new contracts are not available with effect from April 29 following the announcement of change in expiry day from Thursday to Monday.
But now that the change is deferred until further notice, the effective date from which derivative contracts on Berger Paints will not be available for trading has been modified accordingly.
Published on April 5, 2025
