Dear Ankit Ji,, Pls advise where and how to check the Acceptance of Buy Back. And when the amount will be credited into account of the accepted shares.
@Vimal Garodia Should we transfer excess share (above 2 lakh) to family member before record date or can we later during buyback period before end date?
1.3. KAMMA SIVA RAMA KRISHNA2|| Link|October 17, 2023 12:16:50 AM
Though I am not an expert, I don’t hesitate to share what I know for the benefit of the interested community to understand n know about the subject. Suppose,the closing price of this share at the Stock Exchange, where the transactions are comparatively higher than the other exchanges on the Record Date, is Rs 3600/-. Rs. 200000/Rs.3600= 55.55 shares i.e., less than 56 shares. It means that those who are holding upto 55 shares will be considered under Retail Category. Hope it is clear. That’s the ruling position. I don’t remember the rule number. If you have patience to go through the previous buyback pages, you will get the ruling position. I believe that the above helps in better understanding what the Retail Category means.
Pls advise where and how to check the Acceptance of Buy Back. And when the amount will be credited into account of the accepted shares.
Thanks