There were 10 shares when IPO was alloted but now there are only 9. Can someone tell me why it happens?

There were 10 shares when IPO was alloted but now there are only 9. Can someone tell me why it happens? 1

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I didn’t have secondary account till yesterday

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One response to “There were 10 shares when IPO was alloted but now there are only 9. Can someone tell me why it happens?”

  1. BellArtistic6144 Avatar
    BellArtistic6144

    Jyoti life got merged with surya life to form surya jyoti life in the ratio of 0.9:1 i.e 10 Units of jyoti life will be converted into 9 Units of surya jyoti life .

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