I have never participated in Buyback. I have 60 shares of TCS in my D-mat. Can I offer only 44 shares for buyback and be part of Retail category or will I have to offer entire 60 shares and be part of General Category. As I have heard acceptance ratio in retail is higher than general category. Also approximately for how many days tender offer window is open post record date of 23/2/2022.
With 60 shares on record date and current pricing, you will be definitely in General category. It does not affect your category whether you tender 44 or 60 shares in buyback.
For retail category, N x P should be less than 2 lakh, where N = number of shares held on record date and P = Price of one share on record date.
For retail category, N x P should be less than 2 lakh, where... N = number of shares held on record date (23-feb) in your demat. (means... number of shares in your holding by closing of 21-Feb.) P = Price of one share on record date.
@JSM: Tender window will normally open after 2-3 weeks of record date, they will send mail to all eligible people. And window will open for around 2 weeks duration. you can tender shares from your broker site. And you can simply sell around 10-12 shares tomorrow to be in retail category which is decided as per shares values of 2 lakh as per share price on record date, 23rd feb.
Also approximately for how many days tender offer window is open post record date of 23/2/2022.
Thanks.