Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Premium

Premium: As GRUH Becomes Bandhan, Readjust Your Shares Accordingly

Gruh-Bandhan-1.jpg

On the 18th of October, your shares of GRUH Finance will be replaced by shares of Bandhan Bank. For every 1000 shares of Gruh, you will have 568 shares of Bandhan Bank. After this date, it's quite likely the shares of GRUH will not trade any further.

What will happen on the record date? 

If you have only 100 shares, then the formula for Bandhan bank shares is:

Bandhan shares = Gruh Shares * 568/1000 = 100*568/1000 = 56.8

In India you can't have fractional shares. So, you'll get 56 shares.

What about the . . .

Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial