Shareholders of HDFC Ltd will obtain 42 shares of HDFC Financial institution (face worth of Re 1 every) for 25 shares of HDFC Ltd of Rs 2 every — a ratio of 1:1.68.Shareholder with lower than 25 HDFC Share get Shares or not?
Banesha_Prabhu:
a ratio of 1:1.68
The reply lies in your query. For one HDFC share you’re going to get one HDFC financial institution share and 0.68 value worth (in rupees) might be despatched your checking account after some days.
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Lower than 1 share known as fractional share, because it can’t be given, the share worth quantity of 0.68 share might be given.
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For fractional items as we might be paid the share worth, Will that be taxable ?