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author's profile photo Former Member
Former Member

Corporate Action

Dear Experts,

I have an issue on Corporate Action.

I have 2 counters : TM and TMI.

For every unit that we have in TM will get free unit in TMI. It only involve unit not cost. I.E TM has 400 000 unit, thus we automatically will have 400 000 unit shares in TMI. There will be no amount granted.

Can you please help how to define this?

Many thanks.

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  • author's profile photo Former Member
    Former Member
    Posted on Mar 17, 2010 at 07:37 AM

    HI,

    Can you more elaborate on the requirement.

    Is it a one time or periodic (for each purchase and sale of base counters)?

    What is the nature of business function like Rights issue etc?

    Why only Units are reqd for second counter and what about the position status on clear off (sale) 100% profit/loss will be booked?

    Please clarify

    Regards

    Prasad AV

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