Related to SRIPIPES amalgamation

Hi

Does anybody has any clue of Amalgamation of Srikalahasthi Pipes Limited.

From the notice what is understand is 59 shares of Electrosteel Castings Ltd., for every 10 shares of Srikalahasthi Pipes Ltd would be allocated

Notice : BSEINDIA

Few queries

  • When will shares of Electrosteel will be allocated. Couldnt find any reference on BSE site
  • Why the existing shares of Srikalahasthi is not visible in my demat account in Kite
  • What would happen for fractional shares… Assume i have 29 shares of Srikalahasthi and as the allocation is 10:59. i would get 59*2 and what happen to the 9 shares of Srikalahasthi

Any help would be appreciated

Pl check demat account page , if the account is with a bank. Electrosteel shares are allotted in the ratio of 10:59. I too suddenly remembered and checked now

Thanks @jeyaramg

Today received mail from Zerodha as well about the listing

Cash settlement on proportionate basis.

Did any of you receive the debit communication for SRIPIPES? Found out today only after seeing the new shares

Bit unclear… support replied too technical. So unable to understand if “Srikalahasthi” would be debited from account or it will also be present