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Announcements on #Holdings
Sunday, August 20, 2023 11:35 am
Reliance Industries Limited (RIL) demerged its financial unit Reliance Strategic Investments and renamed it Jio Financial Services (JSFL). The record date for the purpose of determining eligibility was 20th July 2023. Accordingly, all RIL shareholders as of 20th July will get one share of JFSL for every RIL share they own.
šDue to this keep the following impact in mind:
ā”Shares of JFSL will be listed for trading on 21st August 2023
ā”The trading symbol will be JIOFIN
ā”The cost of acquisition (price at which you bought a share) will be calculated in the following manner as per RILās official announcementš
95.32% for RIL and 4.68% for JFSLš¤What does this mean?
Letās say you bought a share of RIL on 17th January 2022 at ā¹2,500.
Then, post-demerger, your cost of acquisition for RIL will be ā¹2,383 (95.32% of ā¹2,500) and the cost of acquisition for your allotted share of JFSL will be ā¹117 (4.68% of ā¹2,500)
The above cost price will be visible to you on our app
ā”We hope this helped you understand the impact of the RIL demerger better
*The above process might not be applicable for RIL shares that arenāt purchased on Upstox
Wednesday, December 28, 2022 12:31 pm
As per SEBI, T+1 settlement cycle is now becoming applicable on all equity stocks.
This is being implemented in a phased manner. The first list of stocks applicable for the T+1 settlement cycle went live from 25th February, 2022. The 11h list of stocks applicable for the T+1 settlement cycle will go live from 30th Dec 2022.
However, to avoid any pay-in shortage due to this change you will not be allowed to sell T1 holdings of the** following stocks-https://uptx.to/T1-list**
on 30th December 2022. But you will still be able to see them under āT1 holdingsā.
Wednesday, November 16, 2022 1:37 pm
As per SEBI, T+1 settlement cycle is now becoming applicable on all equity stocks.
This is being implemented in a phased manner. The first list of stocks applicable for the T+1 settlement cycle went live from 25th February, 2022. The 10th list of stocks applicable for the T+1 settlement cycle will go live from 25th November 2022.
However, to avoid any pay-in shortage due to this change you will not be allowed to sell T1 holdings of the ** following stocks** on 25th November 2022. But you will still be able to see them under āT1 holdingsā.
Thursday, October 27, 2022 5:33 pm
As per SEBI, T+1 settlement cycle is now becoming applicable on all equity stocks.
This is being implemented in a phased manner. The first list of stocks applicable for the T+1 settlement cycle went live from 25th February, 2022. The 9th list of stocks applicable for the T+1 settlement cycle will go live from 28th October 2022.
However, to avoid any pay-in shortage due to this change you will not be allowed to sell T1 holdings of the ** following stocks** on 28th October 2022. But you will still be able to see them under āT1 holdingsā.
Monday, September 22, 2025 12:17 pm
What does this mean?
A company announces a Rights Issue to invite existing shareholders to buy more shares, usually at a discounted price. These shares are known as R ights Shares.**
After the Rights Issue is announced, the company then credits its existing shareholdersā Demat Accounts with REs (Rights Entitlements).
These REs are not the Right Shares but the benefit given to existing shareholders to apply for the Right Shares. If shareholders do not wish to apply for these Rights Shares, they can even trade these REs in the market until a particular date.
To learn more, click here.
What does this mean for Suzlon Energy shareholders?
Existing shareholders of Suzlon Energy company (as of record date 4th October 2022) have 2 options -
- They can use their REs to apply for more shares of Suzlon (in proportion to their existing shares - 5 for every 21 shares held) at a price of ā¹5 per share.
- If they do not wish to apply for more shares, they can even sell their REs in the market.
Note: REs which are neither subscribed by making an application with requisite application money nor renounced, on or before the Issue Closing Date shall lapse and shall be extinguished after the Issue Closing Date.
What dates should one keep in mind?Last date to apply (Issue Closing Date):20th October 2022If youāre interested in applying for the right shares, you can apply on or before this date
Last trading date for RE - 14th October 2022If you do not wish to apply for the rights shares, you can trade your REs in the market on or before this date.
**Date when Right Shares will be credited -**1st November 2022
Date of listing of Right Shares - 3rd November 2022
How To Apply for Rights Shares?
You can apply for Suzlon Energy Rights Issue 2022 in 2 ways:
-
Online through ASBA (Applications Supported by Blocked Amount) if your bank supports it just like you do for an IPO.
-
Offline by filling the Composite Application Form (CAF) received in your courier from the companyās RTA and then submitting it at a Self-Certified Syndicate Banks (SCSBs) branch.
Refer to the Exchange circular here:
Tuesday, September 27, 2022 1:49 pm
As per SEBI, T+1 settlement cycle is now becoming applicable on all equity stocks.
This is being implemented in a phased manner. The first list of stocks applicable for the T+1 settlement cycle went live from 25th February, 2022. The 8th list of stocks applicable for the T+1 settlement cycle will go live from 30th September 2022.
However, to avoid any pay-in shortage due to this change you will not be allowed to sell T1 holdings of the ** following stocks** on 30th September 2022. But you will still be able to see them under āT1 holdingsā.
Friday, September 9, 2022 4:14 pm
Bajaj Finserv has announced the following corporate actions with record date of 14th September 2022 for both:
A stock split in the ratio 5:1
A bonus issue in the ratio 1:1
Whatās the impact of these corporate actions on existing shareholders of Bajaj Finserv?Impact of stock split: If you hold Bajaj Finserv shares as on 14th September 2022 (which is the record date) your existing shares will be split in the ratio 5:1. In other words, for every 1 share you hold of Bajaj Finserv youāll now have 5 new shares in your Demat account.** Impact of bonus shares:**
If you hold Bajaj Finserv shares as on 14th September 2022 (which is the Record date) then you will receive 1 new share of Bajaj Finserv for every 1 share you hold in your Demat account . You will also receive a confirmation SMS for the same from the depository.
Impact on holdings
The stock split will happen first and then the bonus shares will be distributed. This means if you hold 1 share of Bajaj Finserv as on record date, then as per the stock split ratio of 5:1 you will have 5 shares. Post this, as per the 1:1 bonus ratio, you will receive 5 bonus shares for the 5 shares you hold.
When a stock split happens, you can view new holdings only after the [ISIN](https://upstox.com/glossary/isin/) (International Securities Identification Number) is updated
The average price / P&L is not shown when a corporate action takes place, while we work on updating this, kindly calculate the average price manually by following steps here: How is the average price calculated for Delivery positions ?
- You can refer to the ledger report to check the price of the shares: [What is Ledger report and how do I access it?](https://help.upstox.com/support/solutions/articles/248670-what-is-ledger-report-and-how-do-i-access-it-)
Bonus shares will be credited to your Demat account on the day of allotment under temporary [ISIN](https://upstox.com/glossary/isin/) and will NOT be available for trading/holding until the stocks with the updated ISIN are listed on the Exchange.
To know more, read the circular here
Stay tuned for important updates from Upstox!
Happy Trading,
Team Upstox.
Monday, August 29, 2022 2:52 pm
As part of the Insolvency Resolution Process of Reliance Communications (RCom), its existing shares have been suspended from trading.
**What does this mean?**A company is suspended from trading if it doesnāt comply with the Exchange regulations. This means one cannot buy or sell any more shares of that company till the suspension has been revoked.
How does this impact you?
Due to this corporate action, kindly note the following impact:
- -Trading in RCom shares has been suspended.
- -You will not be able to buy/sell more shares of RCom
- -You will not be able to see existing shares of RCom under āHoldingsā on Upstox. However, you can view them from your Holdings Report by following these steps: [How can I check my holdings ? - Upstox Help Center](https://help.upstox.com/support/solutions/articles/248548-how-can-i-check-my-holdings-)
In case, the suspended company complies with all regulations, the suspension could even be revoked and the shares may start trading again. However, after suspension, if the company eventually shuts down or is unable to repay shareholders, you will have to write it off as a loss. Upstox is not responsible for any loss.
Thursday, August 25, 2022 1:31 pm
As per SEBI, T+1 settlement cycle is now becoming applicable on all equity stocks.
This is being implemented in a phased manner. The first list of stocks applicable for the T+1 settlement cycle went live from 25th February, 2022. The 7th list of stocks applicable for the T+1 settlement cycle will go live from 26th August 2022.
However, to avoid any pay-in shortage due to this change you will not be allowed to sell T1 holdings of the ** following stocks** on 26th August 2022. But you will still be able to see them under āT1 holdingsā.
Thursday, July 28, 2022 2:41 pm
As per SEBI, T+1 settlement cycle is now becoming applicable on all equity stocks.
This is being implemented in a phased manner. The first list of stocks applicable for the T+1 settlement cycle went live from 25th February, 2022. The sixth list of stocks applicable for the T+1 settlement cycle will go live from 29th July 2022.
However, to avoid any pay-in shortage due to this change you will not be allowed to sell T1 holdings of the ** following stocks** on 29th July 2022. But you will still be able to see them under T1 Holdings.