40 Shares in Jindal Vijayanagar Steels: What Happens During Merger with JSW?

Ans: Hello;

In 2005 during merger of JVS and JSW, conversion ratio was 1:16, i.e. 16 shares of JSW for every 1 share of JVS, therefore 200x16=3200 shares.

In 2017 JSW split its share in the ratio of 1:10 so no. of shares held: 10x3200= 32000 shares of JSW as on today.

Best wishes;

Ans: Jindal Vijaynagar Steel Ltd merged with Jindal South West (JSW) and became JSW Steel Ltd. The conversion ratio during the merger was 1:16, meaning for every 1 share of Jindal Vijaynagar Steel Ltd, you received 16 shares of JSW Steel Ltd.
So, if you originally purchased 400 shares in 1995, after the merger, you would have 6,400 shares of JSW Steel Ltd. Additionally, JSW Steel underwent a stock split in 2017 at a 1:10 ratio, meaning your 6,400 shares would have increased to 64,000 shares

Ans: When Jindal Vijaynagar Steel Ltd merged with Jindal South West (JSW) to form JSW Steel Ltd, the conversion ratio was 1:16. This means for every share of Jindal Vijaynagar Steel Ltd, you received 16 shares of JSW Steel Ltd.
So, if you had 8 shares of Jindal Vijaynagar Steel Ltd in 2005, you would now have 128 shares of JSW Steel Ltd.

Ans: Assuming the 1:16 merger ratio applied to your partly paid-up shares (as it did for fully paid-up shares in most documented cases), and accounting for the 2017 stock split, your 500 partly paid-up JVSL shares would translate to 80,000 JSW Steel shares today.

Recommendation: The exact number depends on whether the unpaid amount (?8 per share) was settled or if partly paid-up shares were treated differently in the merger. Since records from 1995 are old, I strongly recommend contacting JSW Steel’s registrar, KFin Technologies Limited, to verify your holding and confirm the conversion:
• Contact: KFin Technologies Ltd., Selenium Building, Tower-B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana 500032.
• Toll-Free: 1800 309 4001