The amount for fractional shares will be directly credited to your primary bank account. This can take up to 30 to 45 days from the time of the credit of shares.
@ShubhS9
How much amount will be credited in cash settlement if I had one share of mindtree. Ar what rate will it be settled.
Do we know the date of settlement yet?
Any fractional entitlements will be cash settled by the company directly to the shareholder’s primary bank account after the shares are sold by the trustee appointed by the company after deducting expenses as applicable and this can take up to 30 to 45 days from the time of the credit of the resulting shares(LTI). Do refer here to know more.
All such fractions will be transferred to a trust which will club it and sell at nse/bse through a broker. net realization from broker will be distributed to erstwhile fraction holders. dater of sale can not be know in advance . it can be any day in around 45-60 days after record date.
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I had 8 Mindtree shares.
So it’s 8 x 0.73 which is 5.84.
I have recieved the 5 LTIM shares.
At what rate will I receive the 0.84 fractional shares? It should be the same rate at which I initially received the LTIM shares right?
This amount you receive for fractional shares will depend on the price at which the shares are sold by the trustee appointed by the company. This can take up to 30 – 45 days from the credit of shares.
As explained above:
Any timeline for this?
still not received the credit in bank account.