I think you might have got it right. Another aspect is time of acquisition for calculation of capital gain/loss. As you mention you holding it since 5 years, will acquisition time for Pharma shares be when u acquired the original shares of whole business or when this subsidiary was incubated within Piramal (say if it was incubated 3 years back only just for sake of example & learning) or the date of credit of Pharma shares to your dmat account?
Prior to its listing or credit to dmat account date, the scrip ID would not even exist and so to have it’s acquisition date prior to that can be technically incorrect in case someone has to report details for tax purposes…thought welcome
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