CASTROL vs CASTROLIND

Hello,

There is no EOD data for CASTROL after 26Feb'14. If I look in PR data of 26Feb'14 I only see this one sentence for CASTROL ie "CAPITAL REDUCTION"

and a few days later ie 14Mar'14 This stock comes up, namely, CASTROLIND.

What is the difference between these two stocks? Why did one stop and a few days later a similar stock comes up?

The board has got the approval to reduce the capital. So trading in the shares of the company was suspended late last month to give effect to the company's capital reduction scheme. As per the capital reduction scheme, the company had returned Rs 5 per share to shareholders from the initial fully paid-up face value of Rs 10 per share. After returning Rs 5 per share to each shareholder, the face value of the shares has now been reduced to Rs 5 per share. This was done during Feb 26 to 14th March. This is the reason, trading was suspended during that period.

Upto 26.2.2014, the shares were of face value of Rs.10/- each and from 14.3.2014 onwards, it is Rs.5/- each. To distinguish this, the scrip code might have been changed.

Thanks for the reply.

how are those shareholders identified who hold shares at the face-value=10 ?

I am not sure if any minority shareholder can could have gotten shares at face-value (10)

If a person X had bought a share at 100/- , what happens to him ? Is he going to get only 5 rupees back AND 5/- share certificate?

Regards

upto 26.2.14, all the trades will be of face value Rs.10/-. From 26.2.14 onwards trade of Rs.10/- shares will be suspended. From 26.2.14 to 14.3.14, all the shares of Rs.10/- will be converted to Rs.5/- and trade will be done only for those shares whose facevalue will be Rs.5/-

The Rs.10/- facevalue share was sold for Rs.289/- on 26.2.14 and Rs.5/- facevalue share was sold for Rs.299/- on 14.3.14. So no one will be put into abnormal loss

I was going to pm you for another question, but I cant figure out how to send you a pm.

My question is RAJTV underwent this "BONUS1:1/FVSPLIT 10 TO 5"
I see in the chart that the stock price has been divided by 2. and there is a huge gap in the price between 24th march and 25th March(split took place)
24th march price = 288
25th March price = 152.45

What happens about this gap, Should I further divide the price before 24th March by 2 to close the gap or should it stay.

one for the split and one for bonus so you should again divide by 2

i.e u should get 4 shares of fv = 5 if u had 1 share of fv=10