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Premium: As GRUH Becomes Bandhan, Readjust Your Shares Accordingly


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 . . .

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