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Manage Merger & Demerger Aditya Birla Capital,Grasim & Aditya Birla Nuvo in MProfit

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  • Manage Merger & Demerger Aditya Birla Capital,Grasim & Aditya Birla Nuvo in MProfit

    Aditya Birla Nuvo has Merge with Grasim Industries Ltd in the following proportion :

    - "3 fully paid up equity shares of Grasim Limited shall be issued and allotted for every 10 fully paid up equity shares each held in Aditya Birla Nuvo ".

    - Note : Please note that ratio of quantity is 10:3 .

    1. From the summary screen double click on the Aditya Birla Nuvo.


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    2. In the right hand side select Other Transaction > Add Merger Details.


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    3. Enter the merger quantity of Grasim Industries as per the ratio and click on Save.


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    4. Now Grasim Industries has demerge with Aditya Birla Capital in the following proportion :

    - " 7 fully paid up equity shares of Aditya Birla Capital Limited shall be issued and allotted for every 5 fully paid up equity shares each held in Grasim Industries Ltd ".

    - Note : Please note that ration of quantity is 5:7 and ration of amount is 94.66 : 5.34 (Grasim Industries ratio is 94.66 and Aditya Birla Capital ratio is 5.34) .

    5. From the summary screen double click on the Grasim Industries.


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    6. In the right hand side select Other Transaction > Add Stock D'Merger Details.


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    7. Modify the quantity and amount of Grasim Industries and Aditya Birla Capital as per the ratio and click on Save.


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    8. You can see on the summary screen after demerger 42 shares of Aditya Birla Capital has added.


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    MProfit Support
    Moderator
    Last edited by MProfit Support; 25-04-18, 02:01 PM.

  • #2
    If we use, advance function of "Transfer stock Contract Note Charges" , then the above method is not accepted by the software and it says "Operation can not be completed as there are certain corporate action and transfer records in the selected period". Why is this so?

    Comment


    • #3
      Dear Ramesh Poddar,

      Corporate entries like (split, merger, De-merger, Transfer In/Out, etc.) are manually added and adjusted by user so you need to delete corporate action first for the selected period and then you can use feature of "Transfer stock Contract Note Charges". This feature will allocate all the charges proportionately to all stocks and will be added to purchase amount and reduced from sale amount.

      After using this feature you need to add the corporate action again.

      This feature should be used at the end of the financial year as once used, the action cannot be undone. We recommend to take backup of your data before performing this action. (Go to Tools > Backup Data)

      Comment

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