Aryatara Investment and Securities urges investors to update WACC before selling shares; Special attention required for bonus, right and shares converted after merger

Thu, Oct 17, 2019 3:43 PM on Latest, Stock Market,

CDS and Clearing had introduced the new version of Mero Share from 27th Ashwin, 2076.

The new software has a feature that lets you calculate WACC directly from your Mero Share account without having to visit your broker's office. This has eliminated the need of long-criticized thumb impression requirements.

Therefore, the investor needs to update the WACC on the "My purchase source" option inside Mero Share. In a case otherwise, the person won't be able to E-DIS after selling his/her shares. Similarly, for investors who don't have a Mero Share account, they'll have to visit their respective DP branch and update their WACC.

After selling the shares, if the DIS and WACC aren't availed in time, the loss will fall on the investors' shoulders.

Publishing a press note, Aryatara Investment and Securities, has urged the investors to update their "My Purchase Source" Option and has requested to be careful while updating the WACC of bonus shares, right shares and shares converted after the merger.