Query on tax to be paid on redemption of preference shares


dipti kale   22 July 2019

dipti kale

 3 points

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Hi, 

I was holding equity shares of Cairn India.  Cairn India was merged into Vedanta.  So I received 1 equity and 4 preference shares of Vedanta for a single share of Cairn India.  

The preference shares have been now redeemed by Vedanta. I am still holding the equity shares of Vedanta. 

Query is what should be the cost of acquisition for the preference shares.? 

 

 

CS Malay M Pota (Company Secreatary)     22 July 2019

CS Malay M Pota
Company Secreatary 
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What was the market prise of equity share of Cairn India and what was the market price of the equity shares and prference shares of Vedanta? If the market price of preferense shares is not possible to have want was the face vale of share?

avater

dipti kale   22 July 2019

dipti kale

 3 points

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Price of Cairn share was 238...prefernce share to my mind was not listed... ( face value of preference share 10 rs and of Vedanta equity 1rs) Market price of Vedanta on which day are you asking


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