Sunday, July 8, 2007

Adjustment in Futures and Options contracts of SUN TV Network Ltd. on account of sub division and bonus issue

The company SUN TV Ltd (Scrip code : 532733) has announced sub-division of equity share in the ratio of 2:1 (Two share for every existing one equity share ) and a bonus issue in the ratio of 1:1 (One share for every existing one equity share held) to the equity shareholders of the company. The book closure dates announced by the company for this purpose is Saturday, July 28, 2007 to Monday, August 06, 2007, based on which the Exchange has fixed Monday, July 23, 2007 as the ‘Ex-date’ and the scrip will be No Delivery from July 23, 2007 to July 27, 2007. In view of the above and in compliance with the aforementioned SEBI guidelines, the Exchange will make the necessary adjustments for all the available Futures & Options contracts on the underlying scrip SUN TV Network Ltd., at the end of the day on Friday, July 20, 2007, the ‘ex-date’ being Monday July 23, 2007. The members may please note that all pending orders in the system for the futures and options contracts on SUN TV Network Ltd, that are outstanding at the close of business hours on Friday, July 20, 2007 would consequently stand cancelled on that date.

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