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

Samraat

Samraat Jadhav  |2253 Answers  |Ask -

Stock Market Expert - Answered on Feb 07, 2025

Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more
Asked by Anonymous - Jan 25, 2025Hindi
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I have 40shares i btbe year 1997 of jindal vijayanagar steels nw what would the nimber is shares after mwrfer qith jsw ateel limited.

Ans: When Jindal Vijaynagar Steel Ltd merged with Jindal South West (JSW) and became 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.
640 shares of JSW Steel
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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