Your World of Legal Intelligence
 India | 1-800-335-6202

NSE Circular No: 0321 (23-Jul-10) Magma Fincorp Limited (Magma) - Stock Split

Document Cited in Related
Vincent

Download No.: NSE/CMPT/15284

Dear Members/Custodians

Sub: MAGMA FINCORP LIMITED (MAGMA) - Stock Split

1. MAGMA FINCORP LIMITED (MAGMA) has announced a record date on August 16, 2010 for the purpose of ''Face Value Split of shares from Rs.10 per share to Rs. 2 per share''. Accordingly, the ex-date has been set up by NSCCL in the Normal Regular Market as August 13, 2010 for settlement number N-2010154. Due to the sub division of shares, NSDL shall issue new ISINs corresponding to existing ISINs of MAGMA FINCORP LIMITED (MAGMA). This shall be effective for all outstanding balances of the security standing on August 16, 2010 in various beneficiary accounts available with NSDL.

2. As per the procedure of the Clearing Corporation, clearing members can claim margin benefits by making early pay-in of securities as per their securities pay-in obligation in a given settlement. You are requested to make early pay-in in the old/existing ISIN INE511C01014 of MAGMA FINCORP LIMITED (MAGMA) for settlement nos. N- 2010154 and N-2010155 on August 13, 2010 and August 16, 2010 and in the new ISIN on August 17, 2010 and avail the benefit in terms of margin and exposure limits.

3. You are advised to make early pay-in of the security for settlement nos. N-2010154 and N-2010155 on August 13, 2010 and August 16, 2010 in old ISIN without adjusting for the conversion (one share of old existing ISIN for deliverable obligation of every five shares of new ISIN).

For eg : For a sale quantity of 100 shares the early payin should be in the old ISIN and for a quantity of 20 shares.

4. You are kindly requested to upload client wise early pay-in allocation details as per the actual traded quantity for settlement...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT