I have 370 shares of Zydus Lifescience at price of Rs.610.11 per share. How many shares can I apply for buyback? Is there any limit for retail category like 2 lac amount? Detailed answer for the query is highly appreciated. Thanks.
1. You will get mail from company about entitlement ratio. Around 20-25 june. Thn you can apply in buyback in tender dates. We can expect ER-AR 8-15%. So as per your holdings 370 shares you get mail soon. You can tender all 370 shares. May be 35-60 shares accept. ( If more thn good ). Yes Retail holding under 2 lakh.
I m holding 500 and 400 shares in two accounts.
You will eligible to tender as small retail holders quota. ( 378 × 370 = 1,40,000 approx )
Detailed answer for the query is highly appreciated. Thanks.