Tata Motor DVR to Tata Motor

Stocks
1

Hello, Would any one please clarify about my doubt

I am NRI
I bought 560 shares of Tata Motor in June - 2024, De-merger ratio : - 7:10 so, 560*7/10 = 392 shares to be credited, but I got only 262 shares Remaining 130 shares is it taxed or i will get money back please clarify it,

thanks in Advance

2

Hi @ranjith14 , since the allotted shares are treated as dividends, the company has sold a portion of your allotment to cover the TDS, and the remaining net quantity of shares is credited to your account. Explained in this thread: Suspension of trading in Tata Motors DVR and tax implications for its shareholders

4

Hi @nithin_kumrr - thanks for sharing it, I used the excel sheet and it showed me I need to credit atleast 366 shares but I got 262

5

Hi Ranjith, you will need to reach out to the RTA for any clarification on the allotment, as they handle the process. You can find the transfer agent details on the exchange website by navigating to the company directory and selecting ‘Transfer Agent Details.’ https://www.nseindia.com/get-quotes/equity?symbol=TATAMOTORS

6

thank you !