yes shares can be sold even after placing buyback order, until they debit on last day of current buyback window (in tcs they are doing in tranches). buyback order will fail simply after selling shares in open market.
@Lokes.. when I tender my shares for buyback, I get NSDL message that x shares Blocked in your a/s XXXX for Buyback. How can I sell them before they are Un Blocked.
@avenue: after blocking (earmarked for debit), we cant sell them in open market. Only before that we can sell. Some brokers like zerodha don't earmark for debit soon after placing buyback order, they does that after last date of buyback normally (in other buybacks, in tcs, they did process in 2-3 tranches) , so after placing buyback order and before offer close, we can sell in zerodha. No much idea about other brokers. if they are blocking shares soon after placing buyback order, then we can't sell else we can.
@Avenue You are right. When the shares are blocked by Depository, it is not at all possible to sell the shares as they are not available to sell. Till the time the Broker doesn't execute our order for buyback, one can sell. Once the message of blocking of shares received, they are not with us to sell.
Zerodha saying do not sell share after applied
but is it okay to sell if I'm getting good price?