Is there any HNI category as part of general category in buyback? Retail cap is 2 lakh. If i have more than 2 lakh worth of tcs share, let say 100 share, and i want to tender all, what could be estimated AR/ER based on previous buyback of tcs... or we cant apply in general category ?
@snipperRaj : only two categories are there: retail category below 2 lakh holding as per record date price and remaining all as general category above 2 lakh holding. Acceptance ratio of general category will be usually less around 20-35% (it was around 30% last time) while in retail category it can be anything between 50 to 100% depending on the share price during tender period.
@ramsan: you can get more info on buyback from here: https://www.chittorgarh.com/article/buyback-of-shares-meaning-procedure-and-taxation/517/ https://investorzone.in/everything-about-the-buyback-you-want-to-know/
you need to buy shares upto 2 days before record date (below 2 lakh value to be under retail category which has 15% reservation so generally more shares are accepted back by company in retail category) you will get mail from registrar after record date is over for your eligibility and shares holding on record date. you can place order from your broker site for all shares as holded on record date as per mail. In buyback mail, dates will be mentioned for tender period upto which you can tender shares in zerodha. Also read below link info in zerodha. For other brokers, you can call them to know how to place order for tendering shares when buyback period opens. https://support.zerodha.com/category/trading-and-markets/corporate-actions/articles/how-do-i-apply-for-buy-back
Retail cap is 2 lakh. If i have more than 2 lakh worth of tcs share, let say 100 share, and i want to tender all, what could be estimated AR/ER based on previous buyback of tcs... or we cant apply in general category ?