Tata IPO Rights Issue?
Britni asks:
Can someone explain how the CCP will be converted to equityshares. of the 9 CCP shares, 6 are converted to equity in 2008,how will the other 3 shares be handled?
Can someone explain how the CCP will be converted to equityshares. of the 9 CCP shares, 6 are converted to equity in 2008,how will the other 3 shares be handled?
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three cccps are not to be converted into a share. three ccps are equal to half a share. the company will pay you the amount equivalent to half a share of tiso as on 01.09/.2009 and convert 6 cccps into one share
you wont get any share becoze
6 CUMULATIVE CONVERTIBLE PREFERANTIAL SHARES (CCP) will be converted in 1 equity share of face value Rs. 10/-.
for detail pls click on-newswing.com/?p=1098
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