dipti kale (3 Points)
22 July 2019Hi,
I was holding equity shares of Cairn India. Cairn India was merged into Vedanta. So I received 1 equity and 4 preference shares of Vedanta for a single share of Cairn India.
The preference shares have been now redeemed by Vedanta. I am still holding the equity shares of Vedanta.
Query is what should be the cost of acquisition for the preference shares.?
CS M Pota
(Company Secreatary)
(3186 Points)
Replied 22 July 2019
What was the market prise of equity share of Cairn India and what was the market price of the equity shares and prference shares of Vedanta? If the market price of preferense shares is not possible to have want was the face vale of share?
dipti kale
(3 Points)
Replied 22 July 2019
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
