My a/c is in growww. I have one IndiaMART share in my Flat a/c and same was I sold on 10th may and debit message from CDSL received on 12th May. Mail received on 23rd from IndiaMART for buyback. But now I want to apply, but grows site are showing that you have not owned any share on record date means 11th may. Talk to customer executive they are responding that same that you sold on ex date hence not entitled for buyback. From link time I download tender form where my name is showing as shareholders on record date. Now what will I do???
If you owned the shares before the ex buyback date, you should be able to tender them. The determination of who is a shareholder on the date of record is to be made by the company and not your broker. I would suggest changing your broker if they can't deal with basic issues like these.
@AJAY V ,the record date for the buyback is 11th May. That means if he bought the shares on or before the 9th of May ( T minus 2), he is entitled to participate in the buyback. If he wasn't eligible, he wouldn't have received the email from the company.
For selling on 10th, you must have bought them atleast 3 working days before i.e. 7th because you can't do BTST for getting your name into list. On 10th, you must have share in your deemat account, then only after selling it the settlement is done by 12th and hence you have share till 11 th, so name appears in list. This might be the issue.
From link time I download tender form where my name is showing as shareholders on record date.
Now what will I do???
Is it true. If not then what will I do.