No, since today is the record date. This was announced by the company on 28th December.
I have one share of tata coffee and now it’s not visible in my holding. what happen next?? With my tata coffee share…
Explained the scenario above;
I have 1 share in my holding. Buy sell is not allowed, what wii be after merger please guide me.
This will result in fractional entitlement. For this, the company will credit the amount to your primary bank account as per your entitlement. Have given an example above.
Have given an example about allotment above, Venkat Everything you need to know about merger of Tata Coffee with Tata Consumer Products
Deekap, please check out this example: Everything you need to know about merger of Tata Coffee with Tata Consumer Products
The shares have been suspended from trading from today, so these will not show in your Kite holdings.
You can learn how the allotment process will work in the main post.
Well detailed post. Thanks for sharing.
@ShubhS9 , so if I hold 500 shares of Tata Coffee, here’s the calculation
- 22 + 16/22 shares for the demerger
- 9*14 + 70/55= 127+14/55 shares for the merger
= 22+127 = 149 shares + (16/22+14/55) shares
Now 16/22+14/55 = 1 (exactly). Will I get 1 share in my account or will I get cash for the two fractional amounts?
Appreciated .
the above clearly says 3 share of TCPL on every 10 shares in TCL.
Do revert on the example I gave below of 500 shares. Does one get 150 or 149+ cash for two partial shares adding up to 1 share?
Sir I had 10 shares in tata coffee share. What happen to initial invest amount
I bought one share on 12 January you know how to do ?
I bought 1 share of tata coffee on 12 January 2024. Now share is not showing. Anyone help me how to get back my share in this condition ?
Explained here, @Garvvardhan_shekhawa: Everything you need to know about merger of Tata Coffee with Tata Consumer Products
In all probability you will get 3 shares of Tata consumer in next 8-10 working days . why i am using the word in all probability is because there is some confusion if holder of 10 TCL will get 3 TCPL or 2 TCPL plus cash credit.