i got the below mwntiones news .,.,
but i could not understand
some one kindly explain please
i bought for 74
now it is 57
what will happen to my shares
help please
1.The record date is given as 23/11/07.This means those share holders whose name appear on the books of the company are eligible for the demerged shares.
Since our market operates on T+2 ,the TD share would go ex demerge on 21st November.So those who buy the share until 20th closing would be considered for demerged shares.
2.On 21st the TD share's FV would automatically become Rs2 and the traded price may be different from what it was on the previous day.(for example if it was 100 the previous day ,it may start with 40 or 50 even.Since it is the first day of trading of this new scrip,there would not be any circuit limits
3.The other two new companies would be automatically credited to the respective demat account within a few weeks.If one has 100 TD shares then he would get 50 each in TMS and TTS ,IN ADDITION TO the 100 TD he holds.
4.Subsequent to the above,the stock exchanges would inform the listing date for these two companies from when they would be freely traded.
5.Everyone should confirm first that the req.shares have been credited to their account before selling them.If not it would be considered as short selling.
6.For these two companies also,there would be no circuits on the first day of trading.
