Creed, you buy just 1 share of the company before record date (not announced yet) and tender it in the buyback.. It works but there is no guarantee that it will be accepted!!
Far as I can tell, the idea is to buy one share in each demat, even if the pan for those demats is the same. I think the ER and AR is for PAN and not for demat, so that would be pointless, no? What is the logic behind the calculation so that the one share purchased is at the advantage over say, if purchased for maximum allowed for retail, i.e. somewhere around 2Lakhs, 20 shares in this case?
Wanted to ask what happens if one tenders a single share from different demat accounts?
I remember that I had TCS shares in 2 different accounts, and had got different ER and different AR after tendering.
Would be glad of a response from anyone who has done something similar in the past.