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How to enter demerger record when the new company is not listed?

edited January 2015 in General
Q:
Greenply industries has been de-merged to Greenply Industries & Greenlam Industries in the ratio of 1:1. However, Greenlam Industries is not yet listed. Kindly advise on how to account for the same.

A:
You need to enter one buy transaction of Greenlam Industries in private equity category, with the same quantity and zero value. When this stock gets listed, delete it from here and enter under stock category.
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