Feedback Message Board

I believe 50% of 22

First of all, you need to see what ER is declared for buyback. Lets assume it is 16%. This means, 16% of 44 shares i.e. 7 shares will be certainly bought back by the company if you tender these.

Now, if you tender more than 7, then AR comes into picture. So, assuming AR is 50% and you tender 22 shares out of 44. Then, company will accept 50% of shares tendered by you (and not 50% of shares held by you). So, acceptance will be for 11 shares.

Hope this helps.

out of 44, suppose ER(minimum shares to be bought back) is 4 shares, then if you held 4 shares and tender those only, all 4 shares will be accepted

In case of 22

22-4 = 18 shares

Now AR comes into play

50%(AR) of 18 is 9

so total shares accepted will be 9+4 = 13

I am not 100% sure on this but i believe this is how it works
Perhaps someone with whom this happened or trades like this can confirm

Hi @antarix suppose i will have only 7 share and tendered all these. Is all accepted or accept according to acceptance ration