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TCS Buyback

accepted 2/10, 9/40 & 10/42 ICICI shares in buyback

TCS Buyback

"The meeting of Board of Directors of the Company will be held on Thursday, 31st March, 2022, to inter-alia consider Buy Back of the fully paid-up equity shares of the Company," GAIL said in a filing.

TCS Buyback

Welcome KSRKji

TCS Buyback

Last year it was through the Tender Offer . AR is 100% in Retail Category. I have sold even @ Rs.152.65 in the open market before tendering for the buyback against the buyback price of Rs.150/-.

TCS Buyback

I surrender only 7 eligibles entitles shares as i sold on ex record date and all 7 share accepted as per contract note. First buyback experience amazing.

TCS Buyback

How to check buyback status in ICICI Direct?

Still no message/mail from them.

Pls help if anyone have got any news....

TCS Buyback

check trade book of 25-03-2022

TCS Buyback

How to know whether applied shares have been successfully accepted or not ?
When the shares will get debited from my demat account
Broker- Groww

TCS Buyback

I have also applied from Groww.Today Groww customer care has confirmed that the, surendered shares are earmarked and will be debited as per acceptance ratio.

TCS Buyback

Got my share debited from my demat account. Thanks for your reply @biswajit kar. This is my first buyback

TCS Buyback

The acceptance ratio is not 26% but it's 20% for retail and 2-3% for non retail.
Details of my family accounts below:
AC 1 : Tendered - 45 : Accepted - 9
AC 2: Tendered - 25 : Accepted - 5
AC 3: Tendered - 136 : Accepted - 3

TCS Buyback

My broker was Zerodha. I tendered 40 shares from 1st account, acceptance for 10 recd.
2nd account- 32 tendered, accepted 9.
Email from Zerodha this morning. (Saturday 26th)

TCS Buyback

How to check the status of buyback applied through ICICI direct
I haven't received any confirmation email from their end

TCS Buyback

12 shares accepted out of 49. Today morning shares debited from by Groww account. Can we accept that money will be credited to our savings account within Monday?

TCS Buyback

Hi everyone, I have tendered 18 shares for TCS buyback through zerodha. But till now I didn't received debit message from CSDL. And also checked the CDSL, there also tcs shares of 18 are in holdings. Can anyone suggest what is the reason for same. And is there any chances that my accepted shares will debit on Monday.

TCS Buyback

Today itself shares will be debited from your zerodha account. Check your portfolio after sometime.

TCS Buyback

You might have received Contract note from Zerodha.

TCS Buyback

Those are confused about acceptance ratio of TCS is 26%

TOTAL SHARES HOLDING ON RECORD DATE
ZERODHA - 11 SHARES
ICICIDIRECT - 32 SHARES

ENTITLEMENT RATIO - 14.6158409

FOR ZERODHA - 11 * 14.6158409% = 1.60 - FRACTION SKIPPED = 1
FOR ICICIDIRECT - 32 * 14.6158409% = 4.67 - FRACTION SKIPPED = 4

ENTITLEMENT -
ZERODHA - 1
ICICIDIRECT - 4
TOTAL - 5

NOW ACCEPTANCE
==============
ADDITIONAL SHARES TENDERED
ZERODHA - 10 (EXCLUDING ENTITLEMENT)
ICICIDIRECT - 28 (EXCLUDING ENTITLEMENT)

FINAL ACCEPTANCE RATIO IS 26%, BUT AS ENTITLEMENT ALREADY CALCULATED AS 14.61%,
26 - 14.61 = 11.39% FOR ADDITIONAL SHARES

ZERODHA - 10 * 11.39% = 1.139 - FRACTION SKIPPED - 1
ICICIDIRECT - 28 * 11.39% = 3.18 - FRACTION SKIPPED - 3

TOTAL ACCEPTANCE
ZERODHA = 1 (ENTITLEMENT) + 1 (ADDITIONAL) = 2
ICICIDIRECT = 4 (ENTITLEMENT) + 3 (ADDITIONAL) = 7

TOTAL 9 SHARES ACCEPTED FROM 43 SHARES ---- IT IS - 20.93% ONLY

==============================================================================

IF SHARES HOLDING ONLY IN ONE DEMAT THEN
ENTITLEMENT FOR 43 SHARES = 43 * 14.6158409% = 6.28 = 6 (FRACTION SKIPPED)
ACCEPTANCE = 43 - 6 = 37 * 11.39% = 4.21 = 4 (FRACTION SKIPPED)

TOTAL = 6 (ENTITLEMENT) + 4 (ADDITIONAL) = 10
FINAL RATIO = 23.25%

LOSS OF 1 SHARE ACCEPTANCE DUE TO HOLDING IN 2 DEMAT A/C
==============================================================================

TCS Buyback

This makes sense. My accepted shares (Zerodha) match this calculation. What's strange is in another Demat account (Groww), I'd 6 shares. This didn't even get an entitlement note. (Maybe because its 1:7 entitlement ratio) But I see in Groww now 4 shares are available. If 2 shares are accepted, then it would be 33.33% acceptance ratio. Any rationale behind this?

TCS Buyback

Accepted 2 out of 6 and 2 out of 10
Still waiting for 3rd Account. Applied 2 only .

TCS Buyback

TCS Buyback Acception ratio declared by company is 26%

As per 44 share x 26%=11 acceptable

But accept 10 share out of 44 tendered & debit message received from DP & broker.

Something is wrong with retail share holders.

TCS Buyback

26%is fake , mine accepted 4 out of 20 just 20%, if it was 26% then atleast 5 to be accepted

TCS Buyback

Yes, 26% is not correct. I tendered 50 shares out of which 12 have been accepted.

TCS Buyback

Many people's are claiming that AR is exactly 26% but I don't think it is true almost every friend of mine was holding 50 shares in 18 accounts. In 15 accounts only 12 shares were accepted looks strange and in only 3 account 13 shares accepted ( all of them have account in upstox so came to know how many shares accepted )
So if 13 out of 50 shares accepted then AR is 26%
But in most of cases 12 out of 50 shares accepted so AR will be 24%
And read many msgs where 10 out of 44 shares accepted which makes AR 22-23%.
So it is pretty confusing but one thing is for sure AR is not exactly 26% might be 24-25%

TCS Buyback

Where to check in Zerodha how many shares are accepted or not ??

TCS Buyback

Zerodha has sent e-mail indicating shares accepted.

TCS Buyback

Applied for 20, accepted only 4, 20%.. disappointed 😞

TCS Buyback

10 quantity debit huvi eska email aya very bekar raha tcs ka buyback wala plan 34 abhi bhi pade rahe ge uska kya kare ge avrge karne bhi jaye ge to Bahu labe ho jaye ge

TCS Buyback

I have applied for buyback through Groww for 49 shares. Now also, I can see all 49 shares in my demat account.

Is there anything I missed while applying for buyback?

TCS Buyback

Same here,in groww have 39 share on record date, now can see 39 share in demat, not a single share debited

TCS Buyback

Pls check your grow account balance.They have deducted brokerage charge and stt for TCS accepted quantity.

TCS Buyback

I applied for 250 shares for buyback in general category. Only 6 shares were accepted. I received the SMS just now. The news in Economic times is vague and also not mentioning about which category, "13 shares for each 50 shares" is confusing all investors of general category.

TCS Buyback

13 out of 50 can never be for general in such high tender ratio. So it is for Retail (sub 2L) individuals.

TCS Buyback

Can I sell the remaining shares on monday?

TCS Buyback

Hiw everyone is coming to know about allotment?? I applied through Zerodhaand have not received any money in bank account or zerodha? I tendered 20 shares.can anybody advice??

TCS Buyback

you will get on 28th march