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Can I sell my shares on the record date or a day before, to minimise any potential downside risk , and still get considered for tendering with the plan of buying them back when the offer opens. Or should I keep them until one day after the record date?
Experts kindly answer, any other rookie feedback is also welcomed in same regard

if your broker will debit shares on same day or next day from your account, then you will not be eligible so you can discuss regarding this with your broker and accordingly you can decide. Definitely don't sell one day before record date to avoid any risk, and regarding selling on record date, you may be eligible but still better to check with your broker once.

@Experience Members
64 percent stake is already with the central government, So will the buyback be done from rest of the stake ?

Sir,
Buyback will also be from the stake of the government as government will also participate in the buyback by tendering the shares to the company to best utilise the opportunity due to the advantage of the difference between the Buyback price and Market price. Thank you.

Does kotak bank support 3rd party ASBA? If yes, how many applications are supported? And, is ASBA better than upi?

Just checked with Kotak customer care, Kotak permits 3rd party asba up to 7 applications with total amount aggregating to not more than 2Lac.