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@KAMMA SIVA RAMA KRISHNA sir, I have a question, can we tender more number of shares than held on record date, will they be considered and match overall acceptance ratio?

For e.g. if I hold shares worth around 50K on the record date and tender shares worth 100K and retail AR is 25%, then how many shares will be accepted?

Thanks everyone for your valuable input.
@KSRK sir, thanks for letting me know about the risk of total non acceptance in case of the shares tendered exceeds the number of shares held on the Record Date.

@KSRK Ji

I am doing fine. Thank you. You are the original satrap of buy backs indeed!

I submitted a greater number of shares than that held on record date in NIIT buy back. This was not by intention. I bought more NIIT shares as the price went very low post record date to average out my cost. As you recall, NIIT buyback offer took long time post its announcement and record date, as long as 4 months. I forgot about original number and submitted all shares that were definitely higher than what I owned on record date. NIIT accepted as per ER on record date, and I lost out on AR that was higher than ER. In both our cases this happened due to the lack of appropriate software to address excess tendering. I guess exchange software is not configured to check the excess submission as not many tender in excess. So, it just reckons the original entitlement and does not apply AR ratio on rest as it is more.

To be safer, better to tender quantity as on record date as mentioned in offer latter received in email. Anyone intentionally tendering is also being greedy and contravening the rule!