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1. Karthik   I Like It. |Report Abuse|  Link|November 24, 2021 3:54:17 PMReply
Guys,
15% is reserved for Retail, but that does not mean it is capped at 15% for Retail.

"Fifteen per cent of the number of securities which the company proposes to buy back or the number of securities entitled as per their shareholding, whichever is higher, shall be reserved for small shareholders," says Securities and Exchange Board of India (Buyback of Securities) (Amendment) Regulations, 2012.
1.1. lokes   I Like It. |Report Abuse|  Link|November 24, 2021 8:49:28 PM
Yes You are right.