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Money credited in one account for buyback

Got Credit of one account of zerodha

Some broker/bank take more time in this process. I have not received money (zerodha/PNB). In case of MOIL buyback, money was credited in my trading account with zerodha rather than bank account.

I am holding 24 shares and only 5 are accepted…,but 26 percent of 24 is 6.24 …so 6 shares should have been accepted

Same story

- Final AR is 26%
-Single Share will be accepted by 100%
-Remaining shares will be available in your account on Monday (28th March 2022)

TCS AR IS 24 percent for retail category……most of us got wrong regarding AR

Whats the source?

26%

@lokes any views on sansera engineering it is now below 600

In Zerodha last date to tender shares is 16th March …Any reason Why ??

@lokes I finally submitted from my both accounts keeping in mind they still show 21 March as order sumbit last date. Not much price change can happen in next two days. It is not a freaking pumping vedanda stock😁😁😁 Exited vedanta (forgotten GTT) and I lost good profit.

@coldburger: as i said, it is still open and obviously they can't close this on 21st itself. it will open tomorrow also till around 1.30pm.

@lokes brother i tendered my shares on friday but still they are available in my holdings….is it normal or not ??

ya its normal, in zerodha they normally block the shares on last day of buyback.
Here in tcs, they are accepting buyback orders in 2 parts as informed in older message....so they may block your shares on 16th march may be.

I tendered my shares but still they are visible in my portfolio ??

* zerodha to giving option to cancel the order

I reply having experience in precious buybacks placed via zerodha...
If you are able to see the "Cancel Order" option then you do not have anything else to do for now...
Your shares will be debited on the last day of Buyback window closure. Zerodha does not debit on the day you place order.

How to tender shares in buyback

@Have Faith,

In Zerodha,
Go to this https://console.zerodha.com/portfolio/corporate-action-order-window

Go to TCS, Place order, enter quantity, Submit,
Done

Thanks

How to tender shares in ZERODHA ??

Under corporate actions

AR 14% gye bhais panne m

It's ER not AR. AR will be around 25-30%

TCS not able to sustain 3800 ...not performing as per buyback

3150 is too low ...

if it comes below 3300, I will be very surprised

if operator play happens and i get trapped, i will hold these shares
In high liquidity stocks like TCS operator play is quite difficult in my opinion as liquidity is huge and there are many investors who are anxious to press the buy button on good stocks available at a discount

If it comes to 3150(operator play and not due to general market correction) and infy remains at 1700 levels then i will shift my position from Infy to TCS and i have considerable stake in Infy currently

@lokes bro what will u do with your shares ....will u sell them tomorrow or day after tomorrow to buy back again ..or u will continue to hold irrespective of price movement...thanks

@Have Faith,
Though this question is for lokes sir, we would like to add our thoughs.

It's a difficult situation among the analyst community regarding what to do tomorrow.

Should you hold or exit at whatever price you are getting?

1. No one in their wildest dream expected that TCS stock will react the way it reacted today and in the last few days.

2. Looking at the last few day's behaviors, it seems the stock is heading downwards. How much it will go down is a million-dollar question.

3. We expect a huge selling pressure tomorrow at least.

4. One common view we have heard is that this company has a great future and long-term holding will result in 20% yearly gains.

Overall, we don't think it's a bad idea to exit tomorrow and enter again in chunks. We may be wrong :(

@have faith: as i mentioned earlier, selling tomorrow may be riskier and may depend on broker too so better everyone should be sure about his broker that the broker will not remove shares by 23rd evening if they sell tomorrow (as it happens with some broker) then you may not be eligible for buyback. But if broker is removing shares from your demat on 24th then its fine. Selling on 23rd will be safe in all cases normally.
In my opinion, from some weeks, tcs was holding above 3700 due to buyback only, and in next 2 days it should go down upto 3550-3600 at least minimum, rest depends on market movement also.
And I will keep holding my shares and will not sell them in next 2 day and i may buy some shares if getting around/below 3500 rs on/after 23rd feb and then i may sell later, whatever buying extra, if getting price around 3900.

TCS 3790 to 3730 ....very difficult for tcs this time to go near buy back price

TCS has been a long term wealth creator.
Long term shareholders won't regret even if one has to stick with the stock.

TCS @3705 ....ESA MARKET H LGTA H TCS M BHI FSS GYE

Tcs available at 3725......

Is it right time to buy tcs at 3800 or should wait more days for those who have not bought all 44 shares

Today I have purchased some shares @Rs.3771.05. Have you purchased any?

Yes I also purchased some shares today

@lokes I have 3 demat account and 1.8 lakh amount left with me ...how many shares should I buy form each account ...thanks

@Have faith - what lokes ji suggest is quite correct. 1.8 lac from 1 account or 0.6lac each from 3 account is same. Managing 3 account is headache.
But there is one more trick you can try. In this big buybacks(where share price value is large), its generally seen that 1 share tendered is generally accepted for mostly.
So u can do following:
Account 1 - Buy 1 share - Tender 1 share
Account 2 - Buy 1 share - Tender 1 share
Account 3 - Buy shares with remaining amount(around 46) - Tender all share

This trick will have you 1 extra share accepted. If for simplicity we assume AR is 50%. Then you acceptance will be 1+1+23=25 shares

If you buy all 48 shares in 1 account, then your acceptance will be 24 shares

Lets assume average buying rate is 3700. So u will have 4500-3700=800rs extra. Small increase in profit, but profit is profit. Market taught me this, however small profit is, go for it if you can.

Please note, "its generally seen" that single shares gets accepted mostly. But this is not rule. Possibility is it might not accept as well. In that case this trick will fail.

@duck thanks for this explanation ...

Is anyone using SMC ace app as this app does not provide buy back option ?