I had 50 in demat, Applied for 25, Executed 25 I am First time in buyback, will be credited 25 shares' buy back money to my account? Or there will be another procedures from their end?
Basis of Acceptance of Equity Shares validly tendered in the Reserved Category for Small Shareholders:
Subject to the provisions contained in this LOF, the Company will accept the Equity Shares tendered in the Buyback by the Small Shareholders in the Reserved Category in the following order of priority: a) Acceptance of 100% Equity Shares from Small Shareholders in the Reserved Category, who have validly tendered their Equity Shares, to the extent of their Buyback Entitlement or the number of Equity Shares tendered by them, whichever is less. b) Post the Acceptance as described in Clause 19. (VII) (a) above, in case there are any Equity Shares left to be bought back from Small Shareholders in the Reserved Category, the Small Shareholders who were entitled to tender zero Equity Shares (on account of ignoring the fractional entitlement), and have tendered Additional Equity Shares as part of the Buyback, shall be given preference and one Equity Share each from the Additional Equity Shares applied by these Small Shareholders shall be bought back in the Reserved Category. c) Post the Acceptance as described in 19. (VII) (a) and (b) above, in case there are any validly tendered unaccepted Equity Shares in the Reserved Category and Equity Shares left to be bought back in the Reserved Category, such Additional Equity Shares tendered by the Small Shareholders over and above their Buyback Entitlement, shall be accepted in proportion of the Additional Equity Shares tendered by them and the Acceptances per Small Shareholders shall be made in accordance with the SEBI Buyback Regulations, i.e. valid Acceptances per Small Shareholder shall be equal to the Additional Equity Shares validly tendered by the Small Shareholder divided by the total Additional Equity Shares validly tendered and multiplied by the total pending number of Equity Shares to be accepted in Reserved Category. For the purpose of this calculation, the Additional Equity Shares taken into account for such Small Shareholders, from whom one Equity Share has been accepted in accordance with clause 19. (VII) (b) above, shall be reduced by one. d) Adjustment for fractional results in case of proportionate Acceptance, as described in Clause 19. (VII) (c) above: i. For any Small Shareholder, if the number of Additional Equity Shares to be Accepted, calculated on a proportionate basis is not in the multiple of 1 and the fractional Acceptance is greater than or equal to 0.50, then the fraction would be rounded off to the next higher integer. ii. For any Small Shareholder, if the number of Additional Equity Shares to be Accepted, calculated on a proportionate basis is not in the multiple of 1 and the fractional Acceptance is less than 0.50, then the fraction shall be ignored. In case of any practical issues, resulting out of rounding-off of Shares or otherwise, the Buyback Committee or any person(s) authorized by the Buyback Committee will have the authority to decide such final allocation with respect to such rounding-off or any excess of Equity Shares or any shortage of Equity Shares after allocation of Equity Shares as set out in the process described in Clause 19 of this LOF.
Matrimony buyback for retail shareholders: the calculation as in buy back letter
In compliance with Regulation 6 of the SEBI Buyback Regulations, the reservation for the Small Shareholders, will be higher of: i. Fifteen percent of the number of Equity Shares which the Company proposes to buy back i.e. 15% of 6,52,173 Equity; Shares which works out to 97,826 Equity Shares; or ii. The number of Equity Shares to which the Small Shareholders are entitled as per their shareholding as on Record Date i.e. (7,00,769/1,14,22,610) x 6,52,173 which works out to be 40,011 Equity Shares.
Since promotors are not participating , 97826 shares bought back from retail shareholders.
Today Morning message received from NSDL , Shares are debited , i have 200 qt in DP , My eligibility is 10 qt , but i tendered total 200 qt , debited total 200 qt from DP , What does it meaning ????/
for me also same thing, 100 debited from my account as well. my eligibility is 5shared, I feel once they accept it, then they return 95 shares in my case and 190 in your case, after July 22 Thanks
Zydus life market cap 37709, buyback size 750 cr, acceptance ratio was 12% Birla soft market cap 9679 cr, buy back size 390 cr That means acceptable will be higher in birla compared to zydus?
Yes this logic right But share holding pattern matters. 1. Small share holders ( under 2 lakh ) 2. General category ( above 2 lakh ) 3. Promoters holding 4. Promoters participate or not
Zydus Lifesciences Buyback
at present shares from demat were locked offer closer on monday till then acceptance is not flashed i think...