Retail quota Rs.2 lakhs.Does it mean that you are considered retail only if you are less than 2 lakhs holding in D Mat or if you offer only less than 2 lakhs approx.45 shares for buyback.Views on this please.
you are considered in retail category only if you have less or equal to the value of Rs. 2 lakhs shares holding in D Mat at the calculation of buyback price which is 4500 inr,, that translates to 44 shares.
one can buy even 45 or 46 shares also.. but to be buy and forget type buy 44 shares.. since at least 1 - 1/2 months time is still there, and s price is supposed to appreciate.
@K.Atar: this 2 lakh value is considered as per share price on record date not as per buyback price of 4500. May be you already know, am just informing once as in your first comment you mentioned as per 4500 rs so. ya for safer side upto 45 shares are fine even.
Ya lokes Sir, exactly 2 lakh threshold is important. Share price appreciation is just guess work so i said buy 44 and forget, its the safest number. even a price difference of 50 rs leading upto buyback finalization day will fetch as almost 2000 rs (even if 90% acceptance).
And as you Sir rightly put it this BB will be different since record number of new entrants in securities market.
And TCS is such a respectable name.
**45 or 46 shares are also good but not as safe as 44.