My father held stocks of Ujjivan Financial Services as of the ex-date and due to the re-merger they got delisted. Now he is asking me when will he receive the shares of Ujjivan Small Finance Bank. What should I answer?
How about -
"I do not know, father.
Please check / watch-out for email communications about the same,
from the company whose shares you hold,
or from your broker."
Practically speaking, might be a couple of weeks/months.
AWAITING trading & listing approval of stock exchanges.
Can’t say this coz I manage his portfolio
Thanks, for sharing the information
Even I am not yet received shares of Ujjivan small finance Bank. my ujjivan financial shares got delisted. but ujjivan small finance bank shares not yet credited. I am also waiting for the same.
Even finding no info when these will be available in my demat account
That’s why the confusion is. You may refer to the above answers.
Awaiting trading and listing approvals .
I contacted Zerodha support and they said the same.
After record date HDFC bank after merger got listed in 4 Days wherein Equitas bank took 36 days …coincidentally the example is of (1) both resulting cos are bank (2) both resulting cos are already listed.
Quite insightful I didn’t know this
APPROVED for listing and trading from 29 May 2024.
Yeah sorry I forgot to update that the shares has been credited in his demat account. However it’s not reflecting it in Console so I’m getting it checked by the support team.
Thanks for updating brother
Can you share the source of this information? I am asking because I haven’t seen confirmation of trading date.
https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20240528-26
Similar circular on NSE too both dated 28 May 2024.
Gracias!!!
I tried to sell some newly received shares today early morning but my trading account did not allow me to. Trading account of broking house was not showing these shares in the portfolio while Demat account had these shares. Shae price declined more by the time the Broking house credited these shares to my account. Anyways, managed to sell some of these shares today. Lets see, if share price declines further tomorrow.
Equitas SFB share price declined for two days after reverse-merger listing.
Any reasoning for the decline?
I don’t have a good idea.
This could have been because of liquidity driven sales. Some people would have received new shares by the end of the first day and would have sold it the next day. On the first day, trading volume was 4 times of the usual volume; it was 2 times the second day.