I had placed a buyback bid of 22 tca in Motilal Oswal and now my holding is showing zero.kindly let me know it is usual back practice as I am first time applying for buyback.Thanks
1.1. abhilash sharma|| Link|March 17, 2022 10:47:23 AM
Same with me also. I tendered 15 shares of tcs through zerodha. But today everything is blank there. And again I can see no bid option is displaying there in console. What does it mean. Sir anyone can help me
Its normal for zerodha to take the tendered / surrendered shares out of yr holdings as these have been (or will be presented to tcs), after BB is over, if there is sthg leftover , it will be returned back to yr holdings.
As I learned Ones you put your shares for buyback,it will remove entirely from your holding. After event over You will get refund of remaining balance back to your holding and accepted shares amount (*4500) to your bank account This is my first experience also
@vantage @harit: it's not correct for every broker. Zerodha removes shares from portfolio after last date of tender. Till then they will be keep showing in holdings and you can even sell them in open market even after placing buyback order then simply buyback order will fail. And this time zerodha is doing in two phases, as i explained in my earlier messages here in other threads so whoever placed order by 16th, those shares are debited now and whoever will place buyback order from 17th till 23, those will be debited on 23rd night or 24th.