AARTI industries d-merger : 18 October last trading day as COMBINED ENTITY … 1 Share of of Aarti Pharmalabs Ltd For every 4 held in Aarti Industries Ltd .
NMDC :Last date to deal as a combine entity is 25 October . 1:1 NMDC steel share .
ALL pending FNO positions will auto expire on last date which is 18 October in Aarti ind & 25 October in NMDC.
What if I get fraction shares due to not holding share of Aarti in the multiples of 4? A trustee is appointed to sell these to the company and cash is remitted to our account ? Is it same like bonus shares ??
Since the fractional shares don’t trade in markets the company appoints a trustee to buy the fractional shares. The trustee then buys back those fractional shares from the investors and the proceeds are then credited to the primary bank account.
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