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Because the ER is around 5%. You should have owned at least 20 shares to be entitled to sell one.

AR will generally be higher than the ER. Hence, submit all the shares held by you on the Record Date as you may not loose anything by doing so but there is a possibility of accepting one or more shares. All the best.

In theory, there is a possibility of accepting shares, but in this case, given the difference between buyback price and current price, you can expect almost 100% tendering. At the most, someone with zero shares eligible will get 1 share accepted. The downside is that the shares will be locked up between the date of tendering and the end of the buyback, so they can't be sold during this period.