- Wealth PMS
For all those who have not received the Letter of Offer for the Ranbaxy Open offer at Rs. 737; you can download the letter of offer here.
Depository Name: NSDL
DP Name : HSBC Limited
DP ID Number: IN 300142
Beneficiary Account Number: 10642118
People who have their accounts with a DP linked to CDSL (rather than NSDL) must use an “inter depository” form to do this. Make a copy of the offmarket transfer form and the received acknowledgement.
Note that if you have bought the shares in the last year, you will be charged short term capital gains tax at full rates (i.e. 33.99% at the highest slab). For shares held for more than a year, the rate is 20.6% (indexed) or 10.3% (non-indexed). Tax is not deducted at source, so you will be required to pay it yourself. The first date for individuals to file advance tax (and thus, save yourself of a penalty) is December 15 – so do pay up before that date.
You should receive the money after September 19, as a crossed cheque, by registered post. All unaccepted shares (only 1/3rd of the offered shares are likely to be accepted) will be transferred back to you on that date.
Of course, if you don’t want this hassle you might as well sell in the open market today at the price of Rs. 512.