colgate

#1
my friend's sister is holding 25 shares of colgate Palmolive sice 1982 and 63 shares since 1994 these shares r in physical form.. what is the procedure to covert into demat form and i need information about what all the bonus issued till now in certificate the face value mentioned is 10 rs and now it is 1 ruppee what does it mean
 

rvm123

Active Member
#2
I think colgate has declared bonus 1:1 in 1982, 1:1 in 1985, 1:1 in 1987, 1:1 in 1989, 3:5 in 1991 and 1:1 in 1993. Hence you may write to the company and get all those shares in physical form. If there is any change in address, the same also has to be updated in the company's records. After obtaining all the share certificates, send them through your DP agency and get them dematerialised. During 2007-08, it seems that the compnay's shares were reduced from Rs.10/- to Re.1/-, by reducing the capital. Hence, for each Rs.10/- share, they will exchange for Re.1/- share. This is the infomation what I could obtain. The correctness may be verified, with some other traderji members also
 
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