I hold HDFC Ltd shares purchased before 31/01/2018. Post merger with HDFC Bank, these shares will be extinguished and replaced with HDFC Bank shares issued in July 2023. Now, if I sell these HDFC Bank shares, even though issued in lieu of my HDFC Ltd holdings, will I be entitled to the benefits of grandfathering clause for LTCG or will the date of acquisition of these shares be taken as July 2023?
Grandfathering clause on LTCG applicable for HDFC shares post-merger?
Lekshmi Narayanan (21 Points)
28 June 2023