Why is the next month Future trading so low ?
I tried and found this on Moneycontrol.
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NIIT Technologies Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
| Announcement
27 Aug,2019, 04:06PM IST
The Company has allotted 576,680 shares through ESOP.
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So after this month's expiry, the spot price will automatically reduce to account for above.. and that is factored in in next future's price. Am I correct ?

I tried and found this on Moneycontrol.
---
NIIT Technologies Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
| Announcement
27 Aug,2019, 04:06PM IST
The Company has allotted 576,680 shares through ESOP.
---
So after this month's expiry, the spot price will automatically reduce to account for above.. and that is factored in in next future's price. Am I correct ?
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