I see that M&M have sent a notification to the Exchanges today (26th Dec 2017) that they have allotted bonus shares to qualifying existing shareholders. When would such shares reflect in my Zerodha account (viewable through Kite)? Thanks.
The RTA managing the M&M bonus issue will credit the bonus shares to your Demat which could take up to 2 weeks from record date of 22 Dec(you’ll receive an SMS from CDSL when the bonus shares are credited to Demat). Once the shares are credited to Demat, they’ll reflect in your Kite holdings from the next day onwards.
When will be the listing of ex bonus? can I buy M & M at this price of 740?