Hello experts , Something happed in my gail buyback case. Holding on record date : 270 shares Got mail ER about 21 shares. I applied 60 shares. Now as Retail AR need to be accepted all 60 ( 270× 24.5% AR = 65 ) But they accepted only 28 shares. Now where to ask this matter.
Sir, They have correctly accepted 28 shares as detailed below. You have not rendered all the shares (270) held on the Record Date but rendered 60 shares only. At the first instance, they have accepted the entitled 21 shares. Out of the remaining 39 shares (60-21) additional proportionate accepted shares are 7. That’s why, i have been advising to tender all the shares held on the Record Date. Unfortunately, the investors are not taking care of the methods of the acceptance and are not getting the maximum benefit. Next time, take care. All the best.
Thank you very much sir , After record date always share down 8-10% so sold out shares. Anyways now understood method of acceptance. Surely take care in zydus, bsoft & matrimony.
Sir what about bsoft general category ER-AR as promoters not participate can we expect ER-AR more thn retail small share holders category.
Something happed in my gail buyback case.
Holding on record date : 270 shares
Got mail ER about 21 shares.
I applied 60 shares.
Now as Retail AR need to be accepted all 60 ( 270× 24.5% AR = 65 )
But they accepted only 28 shares.
Now where to ask this matter.