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What Happens to My 100 Shares of Reliance Naval When It's Extinguished?

Samraat Jadhav |2284 Answers |Ask -Follow

Stock Market Expert - Answered on Jul 23, 2024

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 - Jul 21, 2024Hindi

Money

I had 100 shares of Reliance Naval. It got extinguished. As per press release they will give 1 share of swan per 275 of R.Naval held. So my 100 shares are scrapped ?

Ans: Submit indemnity bond in original, copy of acknowledgement and self-attested copy of e-form along with the other documents as mentioned in the Form IEPF-5 to Nodal Officer (IEPF) of the company at its registered office in an envelope marked "Claim for refund from IEPF Authority

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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