I have 15 shares of Grasim @1276 post merger of ABNUVO so i would like to know will the current price of Rs 1060 say be adjusted with my share price of 1276 as i am in loss of Rs 3200. I mean will the price ie 1276 in my demat account will come down to ex-date price so that loss is adjusted.
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For every 5 shares of Grasim held in the Demat account as of 18 July 2017, you’ll receive 7 shares of Aditya Birla Financial Services which will account for the drop in value of Grasim after demerger.
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so does it mean that i have to hold on till i am alotted 21 shares of abcl. or wait till price of grasim reaches Rs 1300 and then sell.
Well, you don’t have to do either. You can exit your Grasim holdings anytime since it is in your Demat account. Once you receive your ABCL shares in Demat, you can exit it too.
but if i exit now i am in a loss of Rs 3200 since price is down from buy price of Rs 1276
The amount which appears as a loss to you is what will be credited to you in the form of ABCL shares.