Does a shareholder with shares in multiple demat accounts eligible for a reserved retail category?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Yes, if the total holding across multiple Demat accounts meets the criteria for small shareholders with Equity shares with a market value of Rs. 2,00,000 and lesser as on Record Date. a shareholder is eligible for a reserved retail category.

The eligibility for the reserved retail category (15% shares) is based on the holding as per PAN Number.

As per SEBI Buyback regulations, the equity shares held by a shareholder across multiple Demat accounts under one PAN are clubbed together to determine the shareholder category, such that no shareholder receives higher entitlement than required.

Topic: Buyback Price Calculation & Maximum Shares for Retail Category Article

2 Comments

2. Naveen Agarwal

| Link|June 22, 2023 10:22:41 PMReply

I have 2 D-Mat account and both accounts are having Wipro Shares .
Can I participate in Buy Back from Both Accounts
Please guide

2.1. Amit

| Link|June 29, 2023 7:35:11 PM

I have 2 D-Mat account and both accounts are having Wipro Shares .
Can I participate in Buy Back from Both Accounts
Please guide

2.2. M R Bagade

| Link|November 13, 2023 7:40:16 AM

If I have one demat account in my single name and another in the joint name of me and my wife (my name as first holder), will I be eligible as Small investor in both the demat accounts ?

1. Lokeaha P

| Link|July 22, 2023 8:46:19 AMReply

I have 2 demat accounts can I apply for buyback in my multiple accounts and I am eligible for two benifit

Find more questions on this topic

Ask Your Question