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From NDTV Profit:
Following this announcement, TCPL said that it will issue one equity share for every 22 equity shares held in TCL, for the demerger of the plantation business of TCL into TCPL. For the merger of the remaining business, the company will issue 14 equity shares of TCPL for every 55 equity shares held in TCL. Upon completion of the demerger and the amalgamation, TCL will stand dissolved and effectively, shareholders of TCL will receive three new equity shares of TCPL in exchange for every 10 equity shares of TCL.
There are three different numbers here and it’s confusing me. I have 50 shares in Tata Coffee, what happens if I hold them on the ex-date of 15th January?
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