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1. ColdBurger   I Like It. |Report Abuse|  Link|December 27, 2021 6:07:06 PMReply
It seems it will not cross 185. In that case need to keep hold of all till tender date. Can we sell some qty after tendering? Say 20% as AR is unlikely to be above 80%. Will that result in some penalty?
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1.3. lokes   I Like It. 1|Report Abuse|  Link|December 27, 2021 10:52:47 PM
@coldburger: after tendering shares, those are not allowed to sell, broker (mine zerodha) freezes all those shares and remaining shares will come back to demat after buyback is over.
As explained in my other message here, you can sell after record exdate if you wish, then you can buy again later for tendering, that is possible.
1.4. Aaashish   I Like It. |Report Abuse|  Link|December 28, 2021 1:13:35 PM
once you tender the shares, shares will be debited and you won't be able to sell them
once company accepts the shares, they will return remaining shares to your demat account

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