Feedback Message Board

Buyback Message Board Messages

1 Comments

1. Sharmil

| Link|February 18, 2022 2:08:38 PMReply

I have 60 share of TCS. If I sell 16 share on 23rd February then will I be eligible for retail category or not?
If not, what is the process behind it?

Load more comments (9 replies)

1.1. KAMMA SIVA RAMA KRISHNA

| Link|February 18, 2022 2:38:20 PM

Sharmil ji,
If you sell on 21/02/2022, high probability to be considered under the Retail Category. All the best. Thank you.

1.2. Sharmil

| Link|February 18, 2022 2:57:41 PM

Oh no Kamma Siva ji, you hang me in the middle,
What will be the probability if sold on 23th...

1.3. Pigeon

| Link|February 18, 2022 3:47:54 PM

General category

1.4. KAMMA SIVA RAMA KRISHNA

| Link|February 18, 2022 5:42:29 PM

Even if you sell on 21/02/2022, being the EX DATE, your holdings are likely to be considered under the General Category. I have forgotten and under the wrong impression that the EX DATE is 22/02/2022. Extremely sorry for posting such wrong information.

1.5. Aaashish

| Link|February 19, 2022 1:04:46 AM

@Sharmil Ji

if you sell on 23rd, shares will be debited after 23rd and therefore you will be in general category

so sell on 21st and those shares will be debited on 23rd( best case scenario) and you will come under retail, even if not, then chances are high that you will get the best price on 21st, 22nd onwards tcs should start cracking(logically)

1.6. lokes

| Link|February 20, 2022 12:43:15 AM

@KSRK sir: 21st is not ex date, 22nd is ex date. 23rd is record date.
@Sharmil: you can sell only 10-12 shares tomorrow 21st feb, then you will be eligible for retail category even with 48-50 share holding on 23rd. After ex date, normally prices drops always so tcs will be below 4k on 23rd feb mostly. Tomorrow is last date to sell for you those extra shares

1.7. Kapil

| Link|February 20, 2022 2:35:47 AM

My understanding is that retail category is determined by the buyback price which is 4500 and not by the share market price. Therefore you need to have 44 or lesser shares to be eligible for retail category. Happy to be corrected.

1.8. Chalak Lomdi

| Link|February 20, 2022 5:56:02 AM

are mere pass 100 share bhi ho yaa 200 ager tender me 44 duga to retail mana jauga...

1.9. antarix

| Link|February 20, 2022 6:36:54 AM

@Kapil, @Lomdi - The category is not related to buyback price i.e. 4500 but the share price on record date i.e. 23 Feb.

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.

1.10. DSR

| Link|February 20, 2022 9:59:54 AM

@chalak Lomdi - it will be general category if you hold more than 2lakh worth of share on record date. It does not depend on how many share are tendered.

1.11. Praveen Sharma

| Link|February 20, 2022 10:15:20 PM

@Sharmil,
1. With 60 shares in your Dmat acct on 23rd Feb you will not be eligible for retail investor quota.
2. 21st Feb is the last date for you to sell off your excess shares.
3. You need not sell 16 shares and and bring your holding down to 44. That would be playing too safe. Since target is to bring value of holding below 2 lacs as per 23rd closing price, selling 12 shares is likely to suffice (ie 48 shares net), which assumes that closing price on 23rd will be below Rs 4166 - ie price increase during 3 days will not exceed 10% .