what is ecpected acceptance ratio here? i sold 50% of my record date holdings already...if i tender balance 50% in buyback i hope they will be accepted...i am told Rsystems had amlost full acceptance
The CMP is around Rs.2050/-. Whatever the number of shares sold, may be purchased now if the difference in selling price and market price is reasonable. All the shares held on record date can be tendered to get better profit on or before 01/11 ( I prefer last but one day for tendering ). Of course, it is up to you to decide.
@BSC: expected acceptance ratio will be around 30% or less....since share price came down a lot during buyback time....and if you are tendering 50% shares then accordingly (proportionately) some extra shares will be accepted other than your entitlement ratio shares