Thanks for the Excel sheet.
I have put my holdings of 300 dvr shares at cost of acquisition 180 per share, all ltcg and bought after grandfathering.
I see there’s dividend withholding of 6000 TDS at 10% rate. I’m in 35% tax bracket so I have to pay 21k in total as tax.
The Excel sheet doesn’t consider shareholders other ltcg (if he has already crossed the 1 or 1.25 lakh limit).
The conversion factor of just 0.7 looks like short changing the dvr holders. I don’t see any advantage in converting the shares to ordinary shares compared to sell dvr and buy tata motors ordinary shares. It will be helpful if anyone can look at my case and say if I should convert or just sell now itself.
Is the company issuing new ordinary shares to compensate for dvr shareholders? If so, then free float is not going to reduce and eps will remain the same. No big advantage for dvr-converting and existing ordinary shareholders as well.
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