Pls correct if my understand is wrong:
If we go for conversion; the holding period of the shares will start afresh i.e 1st Sept, irrespective of when you bought the DVR. so for someone looking to sell within the next 1 year, better to sell DVR now and pay only LTCG
However since the cost price shall also be determined as the closing price of Tata Motors on 30th August, better to go for the conversion and bring down the profit and hence tax…
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