I have 66 share Larsen & Toubro ltd so please I retail category ma share buy back mate jase k hni category ma share buy back mate jase 3200 *66 = 211200 amount thase
https://www.thehindubusinessline.com/companies/lts-share-buyback-subscribed-72-times/article67345199.ece I think 1:4 in retail and 1:8 in other categories it would be.
1577.1. Adesh jain|| Link|September 26, 2023 1:58:03 AM
A small correction. Indv investors would include those holding above 68 shares as well. Thus the AR in retail could be much higher, and could be 80% or so as being predicted otherwise
There were more than 10,00,000 investors with holding less than 68 shares i.e no of retail investor on record date but less than 2,00,000 has taken part in buyback. As per this 100.00 percent acceptance in retail category is expected
1576.2. Adesh jain|| Link|September 26, 2023 1:49:51 AM
1) if I apply total 19 for buyback how many minimum and maximum can be finally buyback ?
2) buyback amount is 3200. So, (3200-900) = 2300 per share profit will be there. So this total 2300 will be exempted from tax ? Or need to pay tax.
3) I want to hold it for long term. So, whatever ratio possible that much share should I buy from market and apply for buyback for 5-10% gain. Or can just hold whatever I have 19 share ?
@Harish Are you sure that LTCG will be applicable? There is no tax liability and the proceeds against accepted shares are tax free in the hands of the investors as far as I undrestand that.
1573.3. SmallOne|| Link|September 22, 2023 10:16:27 AM
Am having 50 shares certificate, i offered to sell 8 shares on buyback, i want send 50shares certificate to co. or registrar, if it is misplaced what to do please help me?
Pls check company website and email to the investor grievance email and they will respond. If your email was regd, you must have rec'd offer letter. Check that and can contact registrars
Do you still have physical share certificates??? As far as I know, the government and SEBI have asked all the companies for the past few years to convert all the physical shares into a Demat format. I suggest converting all your shares into DEMAT format as soon as possible.
@SHAILESH Yes sir. I now understand. I alraedy have holdings (Bought at under 900) and my LT profits this year for the stocks I sold is approaching 1 Lac. So didn't wish to take a risk of exceeding the threshold. Hence the question.
I will buy more shares ( equal to my entitlement) tomorrow and tender the entitled shares for both arbitrage and maintaining my L&T holdings
@shailesh, can you please provide guidance on how the profits from a buyback will be treated for taxation? Will they be subject to taxation according to the slab rate?
am having demat account with IDBI Bank and trading platform with Phillip capital, can i transfer the shares from IDBI to phillip to offer buy back , can this be accepted since dmat account number is different during the record date time
Larsen & Toubro Buyback 2023
For non-retail (2L+), I am expecting AR to be between 10-15%. Appreciate if anyone who got the message from broker could share it.