Hi Folks,
Can someone help me understand the cost of acquisition for Tips Films?
The suggestion form the co. is as following,
Tips Industries – 40.05%
Tips Films – 59.95%
“Accordingly, the cost of acquisition of equity shares allotted in TFL should be 59.95% of the total cost of acquisition of the equity shares held in TIL prior to the demerger.”
So, if I take Rs 1000 as cost of acquisition for 1 share of Tips Ind pre-demerger,
the cost of acquisition for 1 share of Tips Films should be Rs 400 and the cost of acquisition for 3 shares of Tips Ind should be Rs 600 and effectively Rs 200 for each share. Please help.
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