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NKJ's Comments

4 Comments

4. NKJ

| Link|January 27, 2022 11:07:23 AMReply

TCS ki to lanka laga di.
RIP those who purchased around 3850. Including me.
Will it rise to 3900 - 4000 also again?

4.1. lokes

| Link|January 27, 2022 11:41:21 AM

Whole market and mostly all shares going down so TCS will also fall. Along with markets, it will also recover. Around 1 more month is there for buyback record date.

4.2. NKJ

| Link|January 27, 2022 12:47:00 PM

@lokes,
Yes, because of FII selling overall market is down impacting TCS as well. But I was not expecting TCS to go this much down because of buyback.
Now it is giving enough time to buy at this level and if FII selling continues then it will go further down. Then it may not recover upto 4000 means AR will be lesser.

If it has to recover then 3600 is right time to start recovering. Hope budget is good. Usually its pre-budget fall but FIIs seems to be in different mood.

Just my thoughts. I would love to see it recover, there is so much time for buyback dates.

3. NKJ

| Link|January 25, 2022 1:16:29 PMReply

Anyone using Zerodha for buyback here?

I have tendered some shares for MPS yesterday, but in zerodha it is still showing pending..
Is it normal? Or do we need to do anything else? I am first time doing this.

3.1. NKJ

| Link|January 25, 2022 1:53:49 PM

Found more details here -
https://support.zerodha.com/category/trading-and-markets/corporate-actions/buyback/articles/how-do-i-apply-for-buy-back

I think now just wait.

2. NKJ

| Link|January 6, 2022 10:05:00 PMReply

Hi Experts,
I have couple of queries, please help me understand more regarding how buyback works:

1) If I am entitled to tender 50 share and if I tender 100 share then does company accept more than 50 shares?

2) Is it possible that company accept less than entitled shares. If I am entitled for 50 share and I tender 50 share then does all 50 get accepted?

Thanks in advance.

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2.3. lokes

| Link|January 10, 2022 6:23:00 PM

@NKJ: yes it is guaranteed that 50 shares will be accepted if you tender only 50. Entitlement means that only. And if you tender more shares than your entitled, then always more shares will be accepted in proportionate (not depend on situation, normally its always more accepted) , that's why AR (acceptance ratio) is always more than ER (Entitlement ratio).

2.4. Puneet

| Link|January 11, 2022 2:45:03 PM

I have a confusion. Is the final Acceptance ratio proportionate to the number of shares held as on Record date or is it proportionate to the number of shares offered in buy back. Thanks

1. NKJ

| Link|December 23, 2021 9:54:08 AMReply

@Admin ji,
Is there any further updates?
Not getting any info when the offer will open/close.