How buyback of shares can be made?

The buyback of shares can be made through your stockbroker.

The interested shareholders that are eligible to participate in the buyback offer need to approach their respective stockbrokers indicating the details of the shares that they want to offer in the buyback. The stockbroker, in turn, places an order on your behalf on the exchange platform. You get cash in return for the successfully accepted shares.

Points to note:

• The physical shareholders need to submit the physical share certificates along with required documents to the stock broker.
• The acceptance of shares in the case of an Open offer is based on the order matching mechanism.
• The acceptance/non-acceptance of shares in the case of a Tender offer is decided by the Registrar based on the details provided in the Tender form.