you will get cash credit of fractional TCPL in about 60 days as explained
Since you hold 333 shares of Tata Coffee, you will get:
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13.32 shares of Tata Consumer Products for demerger of TCPL Beverages and Foods. 13 will be credited to the demat account, while 0.32 are fractional and for this you will get the amount credited to your primary bank account.
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83.25 shares for the merger of Tata Coffee with Tata Consumer Products. 83 shares will be credited to your demat account, while payment for 0.25 will be credited to your primary bank account.
1 share for 22 shares is for the demerger of Tata Coffeeās plantation business. Along with this, you will also get 14 shares for 55 shares for the merger of Tata Coffee with Tata Consumer Products. Both demerger and merger will happen at the same time.
Have explained the allocation process in the main post, Pratik.
Explained in the main post, Tushar.
Got it. Thank you so muxh siršš».
Venkat, for 500 shares, you will get:
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- 20 shares of Tata Consumer Products for demerger of TCPL Beverages and Foods (1/22 = 0.04 * 500).
- 125 shares for the merger of Tata Coffee with Tata Consumer Products (14/55 = 0.25 * 500).
In total, you are entitled to get 145 shares.
Anand, since you hold only 1 share, 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 in the main post.
i have 300 share of tata coffe when it will show in my holdings as tata consumer product as now its not showing in my account
Farhan, shares of Tata Consumer Products will show in your holdings once they are allotted and listed on the exchanges. This can take from 30-45 days from record date.
How much shares I will get if I hold 10 shares of Tata coffee
I had 100 shares of Tata coffee holding since 196 levels, how many shares will I receive and will my profit will wholly be gone?
I had exactly 30 shares, what will I be allocated?
500/22 is 22.7272
500*14/55 is 127.2727
Sum is exactly 150.
You get to 150 even via 500*.3
So it canāt be 145. It is either 149 + cash for 1 share or 150.
Thereās no clarity on how company will calculate the allotment. Hence taking conservative approach
Have explained the allotment process in the main post, Prashant.
Explained in the main post, Bhumit.
As the d-merger and merger has same record date so in all probability it will be implemented simultaneously hence i am assuming it as 3 shares of TCPL on every 10 shares of Erstwhile TCL.
HOWEVER BASED ON reading of many forums like money control etc and also on this very forum , it appear that 0.45+ 2.54 share of TCPIL on every 10 TCL is correct answer.
Have explained the allotment process in the main post, Rushil.
The calculation of the average price for the merger is as follows (Invested value in Tata Coffee / Number of shares allotted of Tata Consumer Products).
For example: If you have invested in 100 shares of Tata Coffee at Rs. 250, your invested value is Rs. 25,000.
If you get 30 shares of Tata Consumer Products, the average price will be Rs. 833.33 (25,000 / Number of shares received).
The difference between the average price and the current market price of Tata Consumer Products will be your P&L.
Thanks for the reply, I got 25 shares today, waiting for any thing else to come either in the bank or demat.