LONG TERM CAPITAL GAINS ON STT PAID EQUITY SHARES
This query is : Resolved
26 July 2023
I HAVE SHARES OF HDFC LTD .ON CONVERSION OF HDFC LTD TO HDFC BANK WHAT WILL BE THE FMV AS ON 31 JAN 2018 BECAUSE THE SHARES WERE PURCHASED BERORE 31 JAN 2018. I AM HAVING SHARES OF HDFC BANK.IF I SELL CONVERTED SHARES OF HDFC LTD THEN WHAT WILL BE THE BASIS OF FIFO
SHARES OF HDFC BANK PURCHASE DATE 1/10/2017 -100
SHARES OF HDFC LTD PURCHASE DATE 1/11/2017 - 100 AND NOW ALLOTTED 168 SHARES OG HDFC BANK.
SHARES OF HDFC BANK PURCHASE DATE 1/10/2017 -100
SHARES OF HDFC LTD PURCHASE DATE 1/11/2017 - 100 AND NOW ALLOTTED 168 SHARES OG HDFC BANK.
05 August 2023
Merger ratio is 25::42
FMV of HDFC ltd as on 31.01.1018 was 1963
Hence the HDFC bank converted shares rate would be 1168.45
FMV of HDFC Bank ltd as on 31.01.2018 was 2013.
FMV of HDFC ltd as on 31.01.1018 was 1963
Hence the HDFC bank converted shares rate would be 1168.45
FMV of HDFC Bank ltd as on 31.01.2018 was 2013.
13 September 2024
Good luck.
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