Assimilation - Financial definition
Financial acronyms
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Concise definition of the term assimilation
Term describing the absorption of a new issue of shares into the parent shares.
Comprehensive definition of the term assimilation
The original shares, normally issued mid year, did not rank for full year’s dividend (Non Pari Passu) while the parent share is entitled to full year’s dividend. Upon assimilation, the assimilated shares rank Pari Passu with the parent share.