L&T price is nearing the buyback price. In these circumstances, if the company revised the buyback price ( as was done in case of BSE), does the record date changes or remains 12th sept, to determine eligibility. The problem is that I hold 70 shares in each folio and will exceed 2 lac rs mkt value on record date. So should I seel some( 5 share in each folio) now just in case the company revised the price later. Because otherwise there is no point in tendering these for buyback at 3000. Pls advise.
Rajan ji. The problem is whether it needs to be sold at all. Tendering shares will be of no use in buyback when mkt price and buyback price is almost same.
1.3. Manmohan Mundra|| Link|September 11, 2023 8:51:08 AM
Record Date Remain same
1.4. Adesh jain|| Link|September 12, 2023 6:27:10 AM
Did finally sell 2 shares in each folio to make it 68 shares per folio. Might now buy more today so that post buyback my original holding remains intact.
In these circumstances, if the company revised the buyback price ( as was done in case of BSE), does the record date changes or remains 12th sept, to determine eligibility.
The problem is that I hold 70 shares in each folio and will exceed 2 lac rs mkt value on record date. So should I seel some( 5 share in each folio) now just in case the company revised the price later.
Because otherwise there is no point in tendering these for buyback at 3000.
Pls advise.