What is happening in Adani enterprises shares?
Today market witnessed a heavy crash in Adani enterprises share price. Many traders do not know what is happening. They start calling their brokers. Some thought it is a stock split. Many dealers do not know the correct news. Panic was prevailing everywhere. Let’s see what is happening in Adani shares now.
Adani shares tanked 80% today. Anything you need to worry about? I think no need to get panic. From yester day’s closing of Rs. 638 shares price had plunged to 120.
AEL demerged its complete port business into Adani Ports, power undertaking into Adani Power and transmission business into Adani Transmission. After this demerger, equity shareholders of Adani Enterprises will get 14,123 shares in Adani Ports (for every 10,000 shares held in AEL), 18,596 shares in Adani Power (for every 10,000 shares held in AEL) and 1 share in Adani Transmission (for every 1 share held in AEL). The record for the same has been fixed as June 4.
Record date is fixed on 4th of June.
Investors, whose names appear on the shareholder list of 4th June, as received by the company form the depository will be entitled to benefit of demerger. Doing a back-calculation, for an investors name to feature in the 4th June shareholder list, he should be holding the shares two days prior to that date i.e. on 2nd June (due to T+2 cycle). Thus, those shareholders holding shares at end of day 2nd June, will be entitled to the benefit. The ex-date, in this case, will be 3rd June, a date on which the buyer will not be entitled to the benefit declared.
Today market witnessed a heavy crash in Adani enterprises share price. Many traders do not know what is happening. They start calling their brokers. Some thought it is a stock split. Many dealers do not know the correct news. Panic was prevailing everywhere. Let’s see what is happening in Adani shares now.Adani shares tanked 80% today. Anything you need to worry about? I think no need to get panic. From yester day’s closing of Rs. 638 shares price had plunged to 120.
AEL demerged its complete port business into Adani Ports, power undertaking into Adani Power and transmission business into Adani Transmission. After this demerger, equity shareholders of Adani Enterprises will get 14,123 shares in Adani Ports (for every 10,000 shares held in AEL), 18,596 shares in Adani Power (for every 10,000 shares held in AEL) and 1 share in Adani Transmission (for every 1 share held in AEL). The record for the same has been fixed as June 4.
Record date is fixed on 4th of June.
Investors, whose names appear on the shareholder list of 4th June, as received by the company form the depository will be entitled to benefit of demerger. Doing a back-calculation, for an investors name to feature in the 4th June shareholder list, he should be holding the shares two days prior to that date i.e. on 2nd June (due to T+2 cycle). Thus, those shareholders holding shares at end of day 2nd June, will be entitled to the benefit. The ex-date, in this case, will be 3rd June, a date on which the buyer will not be entitled to the benefit declared.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.