It all depends on are promotes Willing nto participate and how much shares they are going to tender. Total no. Of shares to be bought back = 2267000 (approx.) Number of shares with non promoters = 95 lakhs (approx) So acceptance ratio will be more than 24 percent (theoretically, if promoters do not participate)
And retail portion is minimum 15 percent. If retailers hold more than 15 percent then it's proportional for all. Here retailers hold more than 15 percent so there is no use of quota as shares offered to retailers will be more than 15 percent of total buyback size.
Total no. Of shares to be bought back = 2267000 (approx.)
Number of shares with non promoters = 95 lakhs (approx)
So acceptance ratio will be more than 24 percent (theoretically, if promoters do not participate)
And retail portion is minimum 15 percent. If retailers hold more than 15 percent then it's proportional for all.
Here retailers hold more than 15 percent so there is no use of quota as shares offered to retailers will be more than 15 percent of total buyback size.