Feedback Message Board

If I will apply for 1 lakh amount then 30000 would be accepted for buyback with arround 6000 profit ( at 205 Buyback price from today ) and rest 70000 would remain hold at CMP price ? Am I right Kamma Sir .

What will be time period to get credited amount If I will buy today.

Sir,
Suppose you have purchased 600 shares @ Rs. 169/- today. As the accepted ratio is always better than the Entitlement ratio, it is suggested to tender all the 600 shares for buyback. Whatever the no. of shares they accept, depending upon the holdings as on the record date, they will retain and the balance of shares will be credited back to your dmat account. Then it is upto you to decide whether to sell or to hold for some time. The resultant amount of the buyback of the shares will be credited to your bank account on the specified date. Coming to the point of profit, it mainly depends upon the Acceptance Ratio of the shares tendered for the buyback, Selling price of the unaccepted shares after the buyback etc., You will find the particulars regarding the period of buyback, last date for settlement of the buyback amount etc., in the offer letter sent to you after around 20 days from the record Date.
Please go through all the comments in the buyback pages to better understand the topic. Hope that the above helps you to understand to certain minimum extent. Thank you.