Feedback Message Board

Buyback Message Board Messages

1 Comments

1. NKJ

| Link|January 6, 2022 10:05:00 PMReply

Hi Experts,
I have couple of queries, please help me understand more regarding how buyback works:

1) If I am entitled to tender 50 share and if I tender 100 share then does company accept more than 50 shares?

2) Is it possible that company accept less than entitled shares. If I am entitled for 50 share and I tender 50 share then does all 50 get accepted?

Thanks in advance.

Load more comments (2 replies)

1.3. lokes

| Link|January 10, 2022 6:23:00 PM

@NKJ: yes it is guaranteed that 50 shares will be accepted if you tender only 50. Entitlement means that only. And if you tender more shares than your entitled, then always more shares will be accepted in proportionate (not depend on situation, normally its always more accepted) , that's why AR (acceptance ratio) is always more than ER (Entitlement ratio).

1.4. Puneet

| Link|January 11, 2022 2:45:03 PM

I have a confusion. Is the final Acceptance ratio proportionate to the number of shares held as on Record date or is it proportionate to the number of shares offered in buy back. Thanks