In the case of bonus shares for VBL, value of the fractional share has been credited to the bank.
Fractional entitlement(s) arising out of the allotment of above-mentioned Bonus Equity shares were consolidated and allotted to “Varun Beverages Limited – Bonus Issue Fractional Shares Trust” (“Trust”) created for the purpose of selling and distributing the net sale proceeds (after adjusting the cost, expense and applicable TDS for Non-Resident Members) of consolidated fractional Bonus Equity Shares among the eligible Members in proportion to their respective fractional entitlement.
Consequent to the sale of above-mentioned consolidated fractional Bonus Equity Shares by Trust, your entitled net sale proceeds have been transferred through online mode of payment in your bank account.
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