Appointed Date 2: October 1, 2024, for the merger of IDFC Limited into IDFC FIRST Bank. Record Date: The record date for determining IDFC shareholders eligible for share allotment in IDFC FIRST Bank is October 10, 2024. Share Exchange Ratio: IDFC shareholders will receive 155 equity shares of Rs 10 each in IDFC FIRST Bank for every 100 equity shares of Rs 10 each they hold in IDFC. Post-Amalgamation changes: -IDFC FHCL and IDFC Limited will be dissolved without being wound up. -IDFC FIRST Bank will have only public shareholders. -Offices of Directors, Key Managerial Personnel, and Statutory Auditors of IDFC FHCL and IDFC Limited will be vacated as of October 1, 2024. -No changes in Directors or management of IDFC FIRST Bank. -Formalities for canceling RBI registration certificates for IDFC FHCL and IDFC as NBFCs will be initiated.
For NRIs Tatamotors was not profitable. For example I holded 120 DVR, after conversion suppose to get 78 shares out of 84 share by selling 6 shares for StCg Tax but in reality got only 56 shares due to wthd tax. In total loss of 36K and no communication received from Tata motors. If IDFC is also same way, then better to sell and buy IDFC first manually for same price
Based on my experience on Tata merger, it's better to go with idfc first Bank to avoid tax confusions. In tata's case neither Tata or the financial influencers inform to submit the report for acquisition. Because of that cost of acquisition is considered as zero for DVR shares. So, its conaider wverything as profit and On top since I am NRI more 60% has been detected as TDS. For 2% arbitrage i dont want to buy IDFC.
True my Tata motors DVR average price was 410 but I received only 191 1 because of long term capital gains, dividend distribution tax and something else for NRO demat account.
Honestly in every single video, Anand and vinod were talking about arbitrage for the past year or so. Now the stand has changed. I think they realised it was a blunder with tata motors.
Hi Vinod bro, I have been regularly watching all your posts in Berich and big fan of Anand sir and you..all the post in your channel are super interesting and help us learn about stock market and a big thanks for that. I wanted to bring to your notice about a company share which I saw during Covid times(Kovai medical). Whose price had steadily increased over years. I did peer comparison with other stocks within same sector and found PE and PB ratio is way lesser than its counterparts. Company has a good promoter holding and net profits and eps are increasing steadily yoy. It will be of great help if your team can analyse and let the viewer know considering this company in tiffin coffee range at this price can be profitable in long term…I will be very glad if you read my comments and acknowledge it..Once again thanks for the knowledge which you’re sharing..
Yes I have doubt. Please advise team. If they do tax like dvr tatamotor share convertion what's the point in arbitrage.I have not purchased dvr but anyone please explain what was tax percentage for dvr tata motors share conversation
Already confused a lot in DVR vs tata motor merger and lost money in excess of arbitrage. Better to sell idfc and buy first bank. I had 110 DVR shares and got 74 instead of 77 tata motors shares. 3 shares taken for taxes and 647 or so credited in account after paying taxes.
The boy looks literally like a road side rag picker. The elder guy seems to live in fools paradise unaware that the merger already approved 3 days back and record date of 10th Oct already declared
What is tax implication in IDFC & IDFC first bank merger? It will be like Tata DVR merger?. Neither Tata nor any financial Chanel informed about tax implications before merger. They taxed NRI 37% of total share value and not profit.
For NRIs Tatamotors was not profitable. For example I holded 120 DVR, after conversion suppose to get 78 shares out of 84 share by selling 6 shares for StCg Tax but in reality got only 56 shares due to wthd tax. In total loss of 36K and no communication received from Tata motors. If IDFC is also same way, then better to sell and buy IDFC first manually for same price
I had bad experience in Tata motors DVR merger, as an nri, in capital tax gain calculation, DVR acquisition cost is treated 0 and as STCG. Nobody informed us to send the report on DVR acquisition and resulted 30% TDS deduction, lost nearly 100 units.
For NRIs Tatamotors was not profitable. For example I holded 120 DVR, after conversion suppose to get 78 shares out of 84 share by selling 6 shares for StCg Tax but in reality got only 56 shares due to wthd tax. In total loss of 36K and no communication received from Tata motors. If IDFC is also same way, then better to sell and buy IDFC first manually for same price. What is your view on IDFC merger in terms of tax implications?
@@karunanithimalaichamy6233 This I understood brother. I holded 120 shares of DVR for price of 90K including profit of 20K . Avg price 765. At the end got 56 shares for 54K and remaining 36K went in tax. If tax complications are known earlier, I might have sold DVR and switched to Tata Mtr on same day for same price close to 78 shares, but now 22K remains in WTHD tax and remaing 14K in remaining tax as dividend and STCG. I hope this gives some more info. I am not trying to blame or defend, this tax complication was no where explained. Even in calculator released by Tata, I entered as NRI but still it was showing as 78 shares and 6 will be sold for Tax. WtHD not deducted or explained in calculator too.
If I am having 100 idfc shares, then I will be get 155 idfc first bank shares or less than 155 share... Pls clarify.... Is any tax or other charges may reduce this 155 No. shares..
No, the multiplication is for 20 shares. So, maximum amount can go upto 19 shares of IDFC Ltd. 100x1.55=155, 120x1.55=186 But there is no multiplication between 101 and 119 there is no rounded value. Do the math. So, if you have 119 IDFC shares, you get 155 IDFC B share and 19xIDFC share price in your bank account...
@@Arunkumar-yz6ez Sir, if you have 20, 40, 60, .... in multiple of 20 IDFC Shares, you get IDFC Bank share without any fraction or decimal. Other than that, any other number multiplied with 1.55 creates decimal figure or fraction. But shares cannot be allocated in fractions. So, any IDFC share above 20s multiple will be encashed and credited to your account. Which again cannot exceed 19 nos.
I am giving you the latest update on this merger. In Mumbai edition of economic times on 28.09.24 i.e today, it is published that the merger will take place on Oct 1, 2024. Post merger, IDFC will stand dissolved. So, what everyone was eagerly awaiting, is going to happen after 3 days from now..
Hype gone man.Please don't talk about that. Already these guys repeating many things again and again. Let them give advise on how not to invest in wrong stocks
What is the future of South Indian bank and price prediction?? Also is there any other banks which can be multi bagger for long term?? What are Vinod top 5 fav stocks !! Can I have an answer for the above questions please 🥹🥹🥹thanks in advance
Appointed Date 2: October 1, 2024, for the merger of IDFC Limited into IDFC FIRST Bank.
Record Date:
The record date for determining IDFC shareholders eligible for share allotment in IDFC FIRST Bank is October 10, 2024.
Share Exchange Ratio:
IDFC shareholders will receive 155 equity shares of Rs 10 each in IDFC FIRST Bank for every 100 equity shares of Rs 10 each they hold in IDFC.
Post-Amalgamation changes:
-IDFC FHCL and IDFC Limited will be dissolved without being wound up.
-IDFC FIRST Bank will have only public shareholders.
-Offices of Directors, Key Managerial Personnel, and Statutory Auditors of IDFC FHCL and IDFC Limited will be vacated as of October 1, 2024.
-No changes in Directors or management of IDFC FIRST Bank.
-Formalities for canceling RBI registration certificates for IDFC FHCL and IDFC as NBFCs will be initiated.
This is better than the whole video. Thanks
10th it will be debited?
For NRIs Tatamotors was not profitable. For example I holded 120 DVR, after conversion suppose to get 78 shares out of 84 share by selling 6 shares for StCg Tax but in reality got only 56 shares due to wthd tax. In total loss of 36K and no communication received from Tata motors. If IDFC is also same way, then better to sell and buy IDFC first manually for same price
A detailed information and thank you🙏
how that o.45 calculated or on what basic they arrive but 0.45 does not involve in any calculation
Based on my experience on Tata merger, it's better to go with idfc first Bank to avoid tax confusions.
In tata's case neither Tata or the financial influencers inform to submit the report for acquisition. Because of that cost of acquisition is considered as zero for DVR shares. So, its conaider wverything as profit and On top since I am NRI more 60% has been detected as TDS. For 2% arbitrage i dont want to buy IDFC.
how to get back that TDS?
Very true… same with me…
I didn't any email from Tata about explanations and what is the contact email id to enquire the same?
True my Tata motors DVR average price was 410 but I received only 191 1 because of long term capital gains, dividend distribution tax and something else for NRO demat account.
As you said IDFC first bank is still a good investment
Honestly in every single video, Anand and vinod were talking about arbitrage for the past year or so. Now the stand has changed. I think they realised it was a blunder with tata motors.
Hi Vinod bro,
I have been regularly watching all your posts in Berich and big fan of Anand sir and you..all the post in your channel are super interesting and help us learn about stock market and a big thanks for that. I wanted to bring to your notice about a company share which I saw during Covid times(Kovai medical). Whose price had steadily increased over years. I did peer comparison with other stocks within same sector and found PE and PB ratio is way lesser than its counterparts. Company has a good promoter holding and net profits and eps are increasing steadily yoy. It will be of great help if your team can analyse and let the viewer know considering this company in tiffin coffee range at this price can be profitable in long term…I will be very glad if you read my comments and acknowledge it..Once again thanks for the knowledge which you’re sharing..
I wouldn't buy IDFC instead of that I would go with the first bank to avoid tax implementation and less merger benefits 😊
Yes I have doubt. Please advise team. If they do tax like dvr tatamotor share convertion what's the point in arbitrage.I have not purchased dvr but anyone please explain what was tax percentage for dvr tata motors share conversation
Most valuable question
Ok noted thanks to both.
I am too like genz... cannot understand anything what shrini speaks...but still shakes head and laughs without understanding anything....😂
Thanks for your time 😊
Idfc merger record date announced yesterday.its 10.10.24
Will it be debited?
Already confused a lot in DVR vs tata motor merger and lost money in excess of arbitrage. Better to sell idfc and buy first bank. I had 110 DVR shares and got 74 instead of 77 tata motors shares. 3 shares taken for taxes and 647 or so credited in account after paying taxes.
The boy looks literally like a road side rag picker. The elder guy seems to live in fools paradise unaware that the merger already approved 3 days back and record date of 10th Oct already declared
So what should i do now should i buy idfc ltd or first bank?
Thank you guys ❤❤❤
Yours speech ie Mr. Vinoth"s very good compare with Tamilspeech as per as stock market
Sir, which one is i consider, idfc ltd or idfc first bank
Love you guys...
What is tax implication in IDFC & IDFC first bank merger?
It will be like Tata DVR merger?. Neither Tata nor any financial Chanel informed about tax implications before merger. They taxed NRI 37% of total share value and not profit.
For NRIs Tatamotors was not profitable. For example I holded 120 DVR, after conversion suppose to get 78 shares out of 84 share by selling 6 shares for StCg Tax but in reality got only 56 shares due to wthd tax. In total loss of 36K and no communication received from Tata motors. If IDFC is also same way, then better to sell and buy IDFC first manually for same price
If tomorrow I buy 100 shares of idfc ltd then will I get 155 shares of idfc bank ?
Nice explanation
Tata Motors DVR deemed dividend not received yet. when will it be credited to our bank accounts.
Already received
Thank you sir..any tax they will take like dvr
There is no mention of any tax implication. These details will come out for public consumption very shortly.
Yes u have to pay some tax
@vinod srinivasan ... Please address this
Is it good time to buy TMB? Please cover it.
6% fell
@@GT.Wealth.Wisdom Yes, which make it a better deal now as the fundamentals are good
Government going to get 30 percent withholding tax for NRIs like they did for tata mtr dvr?
Small Gaints
IDFC merge with IDFC first bank, will the IDFC first bank price return or what will happen??? Anyone can tell about it vividly???
What will happen if we have less than 100 shares of idfc?
Same doubt..... What if someone had 50 or 70 IDFC shares.... What happens then
50×1.55=77.5 So you will get 77 shares and some amount equal to 0.5 share
I had bad experience in Tata motors DVR merger, as an nri, in capital tax gain calculation, DVR acquisition cost is treated 0 and as STCG. Nobody informed us to send the report on DVR acquisition and resulted 30% TDS deduction, lost nearly 100 units.
@@Srv66-f1r same blood!!!
For NRIs Tatamotors was not profitable. For example I holded 120 DVR, after conversion suppose to get 78 shares out of 84 share by selling 6 shares for StCg Tax but in reality got only 56 shares due to wthd tax. In total loss of 36K and no communication received from Tata motors. If IDFC is also same way, then better to sell and buy IDFC first manually for same price. What is your view on IDFC merger in terms of tax implications?
Sir it’s depends on in which price you bought the share..based on the buying price profit , tax everything will change
@@karunanithimalaichamy6233 This I understood brother. I holded 120 shares of DVR for price of 90K including profit of 20K . Avg price 765. At the end got 56 shares for 54K and remaining 36K went in tax. If tax complications are known earlier, I might have sold DVR and switched to Tata Mtr on same day for same price close to 78 shares, but now 22K remains in WTHD tax and remaing 14K in remaining tax as dividend and STCG. I hope this gives some more info. I am not trying to blame or defend, this tax complication was no where explained. Even in calculator released by Tata, I entered as NRI but still it was showing as 78 shares and 6 will be sold for Tax. WtHD not deducted or explained in calculator too.
waiting to hear from you about PGINVIT
Is 100:155 same as 20 : 31 in implementations!?
Tata motors kammi ya allot aanaa maari idfc first bank share rum kammi yaa varuma???
Blame on the most foolish and stupid FM India ever had.
@@vargheseb8602 appo IDFC bank merger la kooda aappu irukka!!!!
Kindly update about PG invt
Analysis will be better for educational purpose
ஐயா இந்த வீடியோவை தமிழில் எழுத வேண்டும்
Talk about equitas bank please
Say about tatamotors
Idfc merger on oct 1
If english is problem, ise Tamil
If I am having 100 idfc shares, then I will be get 155 idfc first bank shares or less than 155 share...
Pls clarify.... Is any tax or other charges may reduce this 155 No. shares..
No, the multiplication is for 20 shares. So, maximum amount can go upto 19 shares of IDFC Ltd.
100x1.55=155, 120x1.55=186
But there is no multiplication between 101 and 119 there is no rounded value. Do the math. So, if you have 119 IDFC shares, you get 155 IDFC B share and 19xIDFC share price in your bank account...
Sir how you calculating this can you tell me???
@@Arunkumar-yz6ez Sir, if you have 20, 40, 60, .... in multiple of 20 IDFC Shares, you get IDFC Bank share without any fraction or decimal. Other than that, any other number multiplied with 1.55 creates decimal figure or fraction. But shares cannot be allocated in fractions. So, any IDFC share above 20s multiple will be encashed and credited to your account. Which again cannot exceed 19 nos.
Both are mergered
Speak in tamil also
yappa dhana chumma jingjang adikatha pa. let vinod complete his points. unake athu therinja mari last la othu oodhura nalla😂
I am giving you the latest update on this merger. In Mumbai edition of economic times on 28.09.24 i.e today, it is published that the merger will take place on Oct 1, 2024. Post merger, IDFC will stand dissolved. So, what everyone was eagerly awaiting, is going to happen after 3 days from now..
Tambi edho saigai katratu pola
Talk about south indian bank in sunday video
Hype gone man.Please don't talk about that. Already these guys repeating many things again and again. Let them give advise on how not to invest in wrong stocks
What is the future of South Indian bank and price prediction?? Also is there any other banks which can be multi bagger for long term??
What are Vinod top 5 fav stocks !!
Can I have an answer for the above questions please 🥹🥹🥹thanks in advance