Tata Coffee Limited (TCL) and Tata Consumer Products Limited (TCPL) introduced the merger of their companies which grew to become efficient from January 1, 2024.
As a part of the scheme of association, the plantation enterprise of Tata Coffee Limited shall be demerged right into a separate entity often known as TCPL Beverages and Foods Limited (TBFL), whereas the remaining enterprise of Tata Coffee Limited shall be merged into Tata Consumer Products Limited.
The firm has set January 15, 2024 because the document date to find out the shareholders of Tata Coffee to whom shares of Tata Consumer Products shall be allotted. You can examine the announcement here,
As a results of this, the shares of Tata Coffee Limited shall be suspended from buying and selling on the inventory exchanges from January 15, 2023 onwards and the shares is not going to replicate in your holdings on Kite.
As per the scheme of arrangementshareholders of Tata Coffee Limited will get:
1 share of Tata Consumer Products for each 22 shares held for demerger of TCPL Beverages and Foods
14 shares of Tata Consumer Products for each 55 shares held for merger of Tata Coffee with Tata Consumer Products
Generally, the credit of shares can take between 30 – 45 days from the record date. You’ll receive an email from CDSL once the shares are credited to the demat account.
After the credit of shares, the company has to take approval from the exchanges to list the shares. Post the approvals are received the shares will start trading on the exchanges.
I can’t buy this on Monday? why such immediate action?
What if anyone hold less than 10 shares of TCPL
you’re going to get money credit score of fractional entitlement in about 60 days.
Proportionate allotment plus money credit score if end in fractional share.
I had 1 share however I forgot to promote.
What about my cash?
you’re going to get money credit score of 0.3 fractional share of Tata shopper. all such fractional shares shall be transferred to a belief appointed which is able to membership and promote at NSE/BSE and internet realization from dealer shall be given as money credit score to erstwhile fraction holders. this course of takes about 60 days.
Hi- If I maintain 100 shares in Tata Coffee, will I get 30 shares or will there be fractional shares from the two totally different consolidations?
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