I recently heard for every 100 shares of Equitas holdings will get 226 shares of Equitas SFB shares.
I have a doubt here,
I bought just 4 shares of Equitas holdings 2 months before Equitas SFB IPO, expecting shareholder quota, but later on didn’t apply to that IPO and kept those 4 shares in my DEMAT only.
In respect to above statement, should I buy another 96 shares to be eligible or will I get 8-9 shares of Equitas SFB?
I don’t see why he should be getting cash for 4 shares. Ratio of 226 shares for 100 shares is only for ease of understanding. Actual ratio for all practical purpose wound be 2.26 shares for 1 share held.
So you should get 9 shares of Equitas SFB in place f 4 shares of holding company. Plus there will be some fractional allotment which will be paid out in Cash.
So @gpsuraj you need not buy extra 96 shares just for the sake of merger. On effective date you will get 9 shares + some minor cash payout.
Thanks for the information.
last trading day of EQUITAS HOLDING will be 02.02.2023 …thereafter few weeks of no trading zone for shareholders before 231 shares of Equitas small finance bank are allotted & listed for every 100 share held .