So I have shares in a company that now has spun-off one of its division into a separate company and that new company is also now publicly listed. I got one share in the new company for each four shares I had in the old company. But I have no idea how to record this event in PP. Could someone advise me, please?
Basically it is a dividend of the spinning-off company and a purchase of shares of the span-off company for the amount of those dividends. Based on the tax system in your country the dividend transaction may be taxed or not.