TATA CHEMICAL DE MERGER TATA CONSUMER

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This discussion addresses a query about capital gains tax calculation following the demerger of Tata Chemical's salt business into Tata Consumer. The user, who held Tata Chemical shares, received free Tata Consumer shares and needs to determine the correct 'buy price' for these new shares to accurately calculate capital gains. The advice given is to use the original purchase price of the Tata Chemical shares as the cost basis for the free Tata Consumer shares.

ashish marwah

ashish marwah (Querist)
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08 August 2023 Dear All

I have a query regarding the de merger of the TATA chemical salt business to TATA consumer. I was holding 250 shares of TATA chemicals and received the 285 free shares of TATA consumer against the de merger of TATA chemicals. What should be my buy price of free TATA consumer shares which I received on 31st march 2020. This is regarding the capital gain calculation.