I hold 84 shares but got the mail for tendering only 16 shares. Can i tender all the 84 shares or would i be allowed to tender only 16 shares. If i can tender all the 84 shares then what is the relevance of ER. Thanks in advance.
Ramkrishna ji, It is suggested to tender all the 84 shares held on the Record Date to get the maximum benefit as AR is likely to be more than the ER due to non tendering of all the/some of the shares by the investors due to their own reasons. Please spare some time to read the messages in the buyback pages to better understand the subject.Thank you.
@Radkrish: Relevance of ER is that guaranteed those no. of shares will be accepted by company as per your entitlement. Means if you even tender 16 shares only, then all 16 will be accepted. But if you tender all 84 shares, then other than 16, some more shares will be accepted in proportionate method as per as per availability of shares due to non participation of everyone, and that final accepted shares ratio will be called as acceptance ratio.
I hold 84 shares but got the mail for tendering only 16 shares. Can i tender all the 84 shares or would i be allowed to tender only 16 shares. If i can tender all the 84 shares then what is the relevance of ER.
Thanks in advance.