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Inheriting Shares: How to Get Renewed and Find Market Value of Merged Company?

Milind

Milind Vadjikar  |1114 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Feb 09, 2025

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Asked by Anonymous - Feb 08, 2025Hindi
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Sir, my father had bought shares of Jindal Vijayanagar Steel Limited worth 100, 100 rupees in 2 rupees and 3 rupees in 1995...Sir, I only have the certificate of Jindal Vijaynagar Steel Limited of 1995...Sir, when the companies were merged in 2005, I did not receive any documents regarding it...Sir, my father has expired...Sir, how can I get it renewed...and sir, what is its market value now....please help me sir

Ans: Hello;

You will have to approach investor assistance cell of JSW Steel to sort out this matter.

They will guide you on this issue.

Things you will need:
1. Demat account in own name
2. Father's death certificate
3. Original share certificates
4. Father's legal will or Succession certificate issued by Court

Best wishes;
Asked on - Feb 09, 2025 | Answered on Feb 10, 2025
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W Hat is the Current value of 200 share of Jindal Vijaynagar steel limited
Ans: Hello;

The merger ratio agreed was 1:16 , in 2005.

So for every 1 share of JVS, shareholders got 16 shares of JSW Steel.

16x200=3200 no. Of shares

Today's market price of JSW Steel: ~952
Therefore around 30.5 L at today's market price.

Best wishes;
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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