I purchased stock of Anchal ispat at a rate of average price of 7.77 (18300)and have an investment value of approx 142191 but my broker ts now reflecting a average of 777 post capital reduction of shares corporate action and the quantity is also reduced to 183. Is this correct or what corporate action effect should ideally be applied @Naman @Mohseen_Usmani @Prithvi @RahulDeshpande @Radhika
Hi @ARVIND1 , it seems you are referring to this - https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20250423-6 .
Aanchal Ispat underwent a significant capital restructuring via an NCLT-approved resolution plan, reducing its share capital by lowering the face value from ₹10 to ₹0.10 (a 99% reduction in face value) Hence the Value remained same after Capital Reduction but the Price & shares were Reduced by 2 Decimals.