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Hi, I have 70 shares of tcs. Amount is greater than 2L limit of retail category. Now what should I do? If I gave only 44 shares for buyback will I consider as retail category?

How is the retail investor limit of 2Lakhs decided. On buying price value / Vaue of shares on record date or Value at the buyback price.
Someone Pl clarify.

@Safe Bet: 2L limit will be based on what is the higher price (NSE/BSE and some %age trading rule). Mostly NSE/BSE price pair up to paisa to keep a 5k margin and ensure it does not cross 1.95 L . Usually on record date the price fall sharply as may riding the buyback for positional exit on ex-date. I guess price will not remain above 4000 on record date and 50 shares should be ok but be alert on ex-date/record date.

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