I have purchased 1000 yesbank shares @30/- on 28/04/2020 and again i have purchased 1000 yesbank shares in fpo @12/-.so the average is 21/-if i sell 1000 shares @25 whether i have to show it as stcl(by applying fifo) or stcg since the average price is 25/-. (2) whether i can sell all the 2000 shares or any lock in period is there for the first purchased 1000 shares
1 Answers
Hi,
The final reconstruction scheme for Yes Bank notified by the government on 13 March has locked in existing shareholders for a period of three years up to 75% of their shareholding.
You have acquired after the implementation of the scheme. So, no lock-in period is applicable.
There is no lock-in period for shares acquired through FPO.
But, the current market price is not 25, am I right?
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