VBL Bonus share Cash equivalent for fractional shares not credited

Stocks
1

I have 1 share of VBL(Varun Beverages). But for the record date 07/06/2022, I have not been provided with the cash equivalent of 0.5 shares , for the bonus issue. Can you please let me know why this might have happened and how to resolve it.

Also, has anybody else received their bonus shares/Cash equivalent for fractional shares for the above record date ?

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2

For fractional bonus, Money equivalent will be credited to your linked bank account

3

The amount equivalent to your fractional allotment will be credited to your bank account in due course. The fractional shares are consolidated and alloted to the trustee appointed by the board, who will sell the shares at the prevailing market price. After that, the sale proceeds will be credited to eligible shareholder’s bank account according to their fractional entitlement. You can check this notification from VBL for more details.

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