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2 Comments

2. Vamc   I Like It. |Report Abuse|  Link|August 15, 2024 9:00:18 PMReply
Will single share strategy work
2.4. Vamc   I Like It. |Report Abuse|  Link|September 11, 2024 9:49:52 PM
Got contract note from zerodha regarding buyback 1 share accepted
2.5. Ramesh Kumar P   I Like It. |Report Abuse|  Link|September 12, 2024 10:45:33 AM
No as of now, but yes around few months ago.
I hold 1 share of each 4 companies for Buyback purpose. But none have been accepted.
So now I don't know why it was rejecting? usually, I won't happen like this at least 1 share must be accepted.

I believe there is an internal misuse is going on with many companies' buyback because recently Finance Act (2) 2024 has said Income from Buyback will be taxed as Dividend Income and will not be Exempt Income as like earlier.

So, I believe many promoters are converting their business profit with Buyback as Exempt Income until new amendment are start applicable from 1st Oct, 2024.

I'm doing research on this case.

Thanks
RK
1. Vamc   I Like It. |Report Abuse|  Link|August 6, 2024 6:54:27 AMReply
Will single share strategy work here
1.2. RAUSHANJI   I Like It. 1|Report Abuse|  Link|August 6, 2024 3:08:43 PM
But total number of shareholders is 33,123 as of June Quarter. Where you have found Total retail holders is 2182700
1.3. No at all   I Like It. |Report Abuse|  Link|August 14, 2024 8:31:32 AM
Share holder are 32000 something only I am mentioning that total shares which Retail shareholders have are huge.