demerged Archives - Rvpg media

Tax Query: Calculating cost price of demerged companies’ equity shares

GMR Infrastructure Ltd. (GIL) demerged its EPC and urban infrastructure business into a new company viz. GMR Power and Urban infrastructure Ltd. (GPUIL) w.e.f. April 1, 2021. The company allotted to its shareholders 1 share of ₹5 each in GPUIL for every 10 shares of ₹1 held in GIL. GIL informed that cost of acquisition … Read more