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Hi,

I have more than 100 shares of Ajanta Pharma (out of which major portion are bonus shares), Should I sell the excess shares to bring the limit at 72 shares or leave it.
If I sell it I will have significant Long Term Capital gain as purchase price is Nil and If I don't sell then chances of getting shares accepted as buyback will go down significantly..

Any suggestion based on your own experience are appreciated..

No. Simply hold them. Tender all shares. It doesn't matter much. Doing such things are value destructive. Better to hold. Tender in normal category. 1 or 2 shares will be accepted. Selling involves cost. Avoid them at all way. Don't sell winners . Never