Does anyone know the tax implication of selling stocks aquired via demergers? Might help if someone can summarize or provide some links to read.
Following is the scenario for context:
I purchased Edelweiss stock in Feb-Mar 2022. So I had the holdings already for more than a year before the allotmemt of Nuvama stocks in 2023.
Now, I have sold all the Nuvama holdings in Apr-2024. I dont know whether it will be taxed at LTCG or STCG? Also, what will be considered as the buying price to calculate profits to be taxed?
I still own all the Edelweiss stocks purchased in 2022.
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