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Hi Everyone,
I was entitled for 23 shares under buyback out of 150 i am holding. I tendered 130 and today all 130 are gone from my portfolio. My nucleus portfolio today only reflects 20 shares only.
Does this mean all 130 have been bought by Nucleus which seems too far fetched & improbable to me or that 130-23 shares will be credited back to my zerodha account soon since my entitlement was only 23 shares.

If anyone can advise as to what's really going on here.

This is my very first buyback so not very sure how the process works.

Thanks in advance.

Sir,
Acceptance Ratio will always be better than the Entitlement Ratio as some investors may not be interested to tender all/ some of the shares held on the Record Date. At the first instance, Entitled shares will be accepted out of the shares of allocation for the buyback. Then, the remaining shares will be accepted proportionately on the basis of the shares tendered for the buyback and will be added to the already accepted shares on the basis of the entitlement. The balance of shares out of the shares tendered for the buyback will be credited back to your Dmat account. Hope you got the answer for your query. Thank you.

Thank a ton lokes as well as siva for your inputs and insights.

Much appreciated :) it answers comprehensively.