I have 650 shares on record date i.e 23 August 2022. As per Information (1 share will get for every 20 shares held) i can sell 32 shares in buy back. Can i sell remaining 618 shares and offer 32 shares in buy back fully
1.1. KAMMA SIVA RAMA KRISHNA|| Link|September 21, 2022 9:46:11 AM
Sir, Yes, you can. But, to get the maximum benefit, I suggest you to tender all the shares held on the Record Date as Acceptance Rate is always more than the Entitlement rate.
IF IT IS SO THEN VERY GOOD. I WANT MORE CLARIFICATION ON THIS AS YOUR ENTITLEMENT OF 32 SHARES IS FOR 550 SHARES HELD ON RECORD. IF YOU NOW APPLY ONLY 32 SHARES WILL ACCEPTANCE WILL NOT BE REDUCED PROPOSTIONATELY IF AR AND ER IS SAME.
If you apply for 32, all 32 will be accepted since this is as per your entitlement. If you offer more than 32 then your accepted shared will be 32+ and this will be decided basis what others tender.