Change in KIRLOSKAR BROTHERS INVESTMENTS LTD no dealings date
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Change in KIRLOSKAR BROTHERS INVESTMENTS LTD. no dealings date
In the De-Merger of KIRLOSKAR BROTHERS INVESTMENTS LTD. (KBIL) . No dealings date has been fixed as Thursday 9th July, 2015.
Those who ever buys KBIL shares on or before Wednesday 8th July, 2015. will get De-Merger benefits .
Investors presently holding 5 shares of KBIL will get 5 shares of PNEUMATIC HOLDINGS LTD. and 76 shares of KIRLOSKAR OIL ENGINES LTD.
At the closing price of Monday 6th July, 2015.The 5 shares of KBIL (At the Rate of Rs..4360, Per Share) will cost Rs.21,800 .
In the same way 76 Shares of KIRLOSKAR OIL ENGINES LTD. (At the Rate of Rs.286, Per Share) Will cost Rs.21,736.
Now, Both values are the same , you will get 5 shares of PNEUMATIC HOLDINGS LTD. as free . The value of 5 shares of PNEUMATIC HOLDINGS LTD. will be ascertained on Listing.
The existing KIRLOSKAR BROTHERS INVESTMENTS LTD. company will stands dissolved.
The benefit will be approximately around 10% of the Investment.