My father held stocks of Ujjivan Financial Services as of the ex-date and due to the re-merger they got delisted. Now he is asking me when will he receive the shares of Ujjivan Small Finance Bank. What should I answer?
How about –
“I do not know, father.
Please check / watch-out for email communications about the same,
from the company whose shares you hold,
or from your broker.”
Practically speaking, might be a couple of weeks/months.
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AWAITING trading & listing approval of stock exchanges.