Suspension of trading in shares of Mindtree on account of merger with L&T Infotech

Trading Announcements
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you will get 2 shares of already listed LTI …you will also get cash credit of 0.92 fractional share .
LTI is already listed which will change it’s name to LTI MINDTREE.

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Those who bought mindtree stock at Rs 4867 will lose a lot of money because mindtree stock is much below the life time high. If you get 73 ltimindtrees instead of 100 mindtrees, it will be a lot of loss. Am I correct?

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Your investment value will remain the same. You’re getting 73 shares of LTI for 100 shares held in Mindtree as price of LTI too is higher compared to Mindtree.

As explained above

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31

5 shares of Mindtree 3433x5=17165 for 3 shares of LTI 4906x3=14718

Will I get the remaining amount in my bank account?

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Yes, but it will take some time. Check this out: Suspension of trading in shares of Mindtree on account of merger with L&T Infotech

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for your 5 shares of mindtree you are eligible for 3 shares of LTI which should list in about 8-10 working days after record date which was 24 November.
you are also eligible for cash credit of 0.65 LTI which will be credited in about 60 days .
your purchase price of Mindtree has no relevance but share swap ratio .,

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I had 5 shares in mind tree how honge get that?
Plz… tell me

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I had bought 5 shares of Mindtree, when will I get them, I got the message last night, please tell about it.

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Just scroll up the answer id right there.

38

still not receive lti mindtree, shares my demat account when is listing any adia

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The shares of LTI have been credited to your Demat account with a temporary ISIN. You would have received an email from CDSL. These will show in Kite and Console holdings once the shares start trading on exchanges, the date is not known yet.

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Update: The shares of Mindtree have been debited from shareholder’s Demat account and shares of LTI have been credited to the eligible shareholder’s Demat account. The tentative listing date for these shares is 5th December 2022, you can check this exchange notice for more information.

You will be able to see these shares in your Kite and Console holdings once they start trading on the exchanges.

Any fractional entitlements will be cash settled by the company directly to the shareholder’s primary bank account after the shares are sold by the trustee appointed by the company after deducting expenses as applicable and this can take up to 30 to 45 days from the time of the credit of shares.

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41

What is the effect on Options positions on LTI now? What will happen to open positions?

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As in do LTI open positions expire ? or do they become LTIM on 5th Monday Dec’22?

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Futures and Options contracts will not expire. From 5th December onwards the trading symbol will be changed to LTIM. All F&O contracts will show under this name. You can check announcement from the exchange here.

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44

LTIMindree shares allotted to erstwhile shareholders of Mindtree are approved for listing and trading from 05 December .

45

Hi Subh, the acquisition value for LTI shares issued in lieu of MindTree is shown as NIL in Kite and Console. Could you please correct it on priority? Thanks

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Very true .Its a loss for investors who bought 100 mindtree stocks at a price of Rs4679 .Investment value is Rs 467900

Allocated 73 shares of ltimindtree is as of trading date 5th December and its at Rs4998 (4998×73=Rs
364854)

Straightforward loss…Rs 103046

Those who bought mindtree stock at Rs 4867 will lose a lot of money because mindtree stock is much below the life time high. If you get 73 ltimindtrees instead of 100 mindtrees, it will be a lot of loss. Am I correct?

47

I was holding 4 shares of mindtree @Rs. 3085.55, and was in profit, but after the merger of LTi mindtree, have 2 shares and the average price is showing @Rs 6171.10 and iam in lose of Rs. 2300

Why?