NSE · Derivatives · Low

NSE adjusts UNIONBANK F&O contracts for Rs 5/share dividend

Derivative contracts on Union Bank of India will be adjusted for a Rs 5 per share dividend, with revised strike prices and lot sizes from July 3, 2026.

22 Jun 2026 Effective July 3, 2026 Affects: Holders of UNIONBANK futures and options contracts; trading members with positions in the stock.

What changed

Dividend of Rs 5 per share triggers adjustment in UNIONBANK F&O contracts.
Revised strike prices and contract files available one day before ex-date July 3, 2026.
Traders must load updated contract files before trading on ex-date.

The read

NSE is adjusting UNIONBANK derivative contracts for a ₹5 per share dividend — a standard, SEBI-mandated process. Strike prices and lot sizes will be revised, with updated contract files available on July 2, a day before the July 3 ex-date. For traders holding F&O positions, the adjustment means no sudden value erosion from the payout, but members must load the new files to avoid order placement errors. This is a routine technical update, not a market-moving event. The only action required: make sure your systems are updated ahead of the ex-date.

UNIONBANKRs 5 per share dividendJuly 3, 2026

Primary source: official circular (PDF)