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TCS Buyback

I have two account with same PAN card. In one Account 55 share & another account 68 share. As per retail investor 56 share need to be hold in Account.
If I am give one account 55 share in buyback. So is it considered as retail category?

TCS Buyback

Whether you offer 55 out of 68 shares or all 68 shares, you are in general category simply because that is your holding on ex/record date. Nothing can be done now.

TCS Buyback

Experts view on Upl buyback?

Ajanta Pharma Buyback

Today will we get to know about AR details? Also when will stock be removed from Demat account and money will be credited?

Ajanta Pharma Buyback

AR is nearly 54.8% for retail reserved(less than 2lac) category. My 45 out of 82 shares got accepted.
All shares will be debited, and un-accepted shares will be credited back to account.
As i am an already invested long term investor in Ajanta pharma, i am again buying my accepted shares from market. I have bought in range of 1900-2200. Will buy more in coming days at current price in range 1750-1800. This way my total avg price will be near 2000. So its like i sold by 45 shares at 2550 and bought is at 2000.
At the start, my holding was 102 share.
My profit from BB is 45*550=2450.
At the end i bought those 45 shares, so my final holding remains intact with 102 shares.

Ajanta Pharma Buyback

Accepted 1/2, Entitlement - Zero. Debited 2/2, will be credited back 1/2. Not purchased for Buyback. But tendered.

TCS Buyback

Team Chittorgarh
Can we pledge TCS shares meanwhile for getting margin and unpledge them just when TCS announces dates for applying BUYBACK? Will it make us get REJECTED for the buyback if we pledge?

TCS Buyback

You won't get rejected as pledging got no relation to buy back. You can pledge and un pledge.

TCS Buyback

I bought 54 shares like a fool instead of buying 44, will I be considered small investor. If not, what would be the expected accepted ratio for non-retail(non-small) investor? Please advise

TCS Buyback

Thanks, so in simple words - Anyone holding upto 56 shares will be considered as small investor and they can pledge all shares (upto 56) to be considered under retail acceptance ratio for the buyback.

TCS Buyback

Correct..

TCS Buyback

ADMIN/ chittorgarh team , Thank you for making good FAQs

I want to Request you to please add the following FAQ since we are fresh in our minds

Question : How is the buyback price arrived at for Retail category in Buyback ?

Ans:
Till now, i am getting to see mixed responses from users, its either -
a. Max Transactions on the record date OR
b. Price at the start of the EX-Date 22nd Feb OR
c. something altogther different.

What exactly is the answer to this much sought after question, i think if we have this in black n white , it will avoid lots of confusion esp for upcoming buybacks

TCS Buyback

Thank you Vantage for reporting the error. The error is now rectified.

Its 56 shares as per our calculation.

The information on this page and the Buyback Price Calculation & Maximum Shares for Retail Category is now updated.

TCS Buyback

1) I see that the record date price is now changed to
from 3,571.90 -> 3,563.80 (also,its not a big change,so the number of total shares dont change)

2a)But then there is one last change which i think we should still do viz. change this line in this page itself -
"As on the Record Date, the closing price on NSE, being the Recognized Stock Exchange having the highest trading volume, was Rs 3,571.90 per Equity Share. Accordingly, all Eligible Shareholders holding not more than 56 Equity Shares as on the Record Date are classified as 'Small Shareholders' for the buyback offer."

as it mentions the older value of 3751.90.
2b) On the buyback price caluclation link , also repharsing needs to be done
"TCS shares closing price on 23 February 2022 (record date) at NSE was Rs 3,563.80 and at BSE was Rs 3565.30. Since the trading volume of TCS is higher on NSE for that day, the number of Shares as on Record Date to qualify as Small Shareholder comes to 56 shares (200,000/3571.90 with fractional value ignored)."
to mention 3,571.90 -> 3,563.80

3.Lastly and most importantly , So the definition is "
" we just take CLOSING PRICE viz 3563.80 of the scrip as on record date on an exchange that had higest volume as a definition"

Ajanta Pharma Buyback

AR will be more than 60% in reserve category.....

Ajanta Pharma Buyback

It is 54 % .a good judgment

Ajanta Pharma Buyback

Accepted 47 shares against 85 tender shares. So, I have written ratio is 55.29%.

TCS Buyback

I have one lot of TCS at 3875,what should I do for hedging. Should I rollover upto April series or book loss here.pl guide ne

TCS Buyback

can you please elaborate
I didn't understand the full scenario

TCS Buyback

What is the experts' opinion?
Won't there be higher interest in tendering and hence lower AR with the crash in TCS and further uncertainties / downside potential owing to tense geopolitics?

TCS Buyback

definitely

AR wouldn't cross 30-40%

if the sentiments improve in a months time then it's a different matter, however, chances of that are low

kindly like the post if you find it useful

TCS Buyback

Chittorgarh admin you are really doing a good job.
Keep up the work

TCS Buyback

TCS buyback:-

23.5.3. As defined in Regulation 2(1)(la) of the Buyback Regulations, a “Small Shareholder” is a Shareholder
who holds Equity Shares having market value, on the basis of the closing price on February 23, 2022,
i.e., the Record Date, of not more than ₹200,000 (Rupees Two Lakh only). As on the Record Date,
the closing price on NSE, being the Recognized Stock Exchange having the highest trading volume,
was ₹ 3,750(maximum possible today)per Equity Share. Accordingly, all Eligible Shareholders holding not more than 53
Equity Shares as on the Record Date are classified as ‘Small Shareholders’ for the purpose of the buyback offer.

TCS Buyback

As per this extract closing price on record date 23rd. How can they decide at 3750 when the share is traded now with exchange open? Highest trading volume will be known only today EOD.

TCS Buyback

IPO Aspirant --
closing price was ~3570 and the max-vol-on-23rd was at 3570.90 (as per latest article from team chittorgargh)

you have mis-spelt it to be 3750

TCS Buyback

When we know our tcs was buy by company and how many any listed date????

TCS Buyback

Currently no idea , company itself hasnt declared the "tender window" dates

TCS Buyback

I think 14th March, 2022

TCS Buyback

Dear Chittorgarh Admin and other respactive members,

1) Regarding FAQ point #3, Tax will be paid by TCS. So does that mean whatever capital gain I have, I am not liable to pay any tax.

2) If TCS will pay me amount after deducting tax ? Or they will pay me full amount according to 4500 per share.

Thanks in advance.

TCS Buyback

Dear Sir,

1. Yes the income from TCS buy-back shares is tax-free. So if you have bought 1 share for 3700 and TCS accepts it, the Rs 800 profit will be tax-free.

2. The price 4500 is the net price you will get for shares accepted for the buyback.

3. Gain/loss from the sell of the remaining share in the open market will be taxable as usual.

TCS Buyback

To those have confusion.
Please be aware that Buyback rules are fixed by SEBI,and NOT by TCS,keep in mind and avoid unnecessary queries here to disturb group administration n others.

TCS Buyback

TCS buyback:-

23.5.3. As defined in Regulation 2(1)(la) of the Buyback Regulations, a “Small Shareholder” is a Shareholder
who holds Equity Shares having market value, on the basis of the closing price on February 23, 2022,
i.e., the Record Date, of not more than ₹200,000 (Rupees Two Lakh only). As on the Record Date,
the closing price on NSE, being the Recognized Stock Exchange having the highest trading volume,
was ₹ 3,563.80 per Equity Share. Accordingly, all Eligible Shareholders holding not more than 56
Equity Shares as on the Record Date are classified as ‘Small Shareholders’ for the purpose of the buyback offer.

TCS Buyback

If you holding max. 56 shares of TCS in your demat a/c on 23rd feb you will be treated as small investor ALL THE BEST AR will be 50 to 65 % according to me

TCS Buyback

I purchased TCS shares through ICICI Direct today and the Shares Projection is showing as 24th Feb 2022. Will I still be eligible shareholder on record date of 23rd Feb 2022

TCS Buyback

Very much eligible. Shareholder data is taken from NSDL/CDSL on 23rd EOD.

TCS Buyback

@ Sunil S
The entire process will be completed by 9 pm .If the broker runs the updation after 9 pm , you will see it. If they don't, they will do it next morning before opening of trading and you will see it. Brokers usually mention the next date but invariably do it on the same day.

TCS Buyback

i have pledge the shares of TCS 20 days back with the broker will i be eligible for the buy back

TCS Buyback

Yes, you can . As if not pledged . But margin will not be available as the pledge will cease to operate.

MOIL Buyback

I am yet to get the buyback amount in my bank. Anybody facing this situation?

MOIL Buyback

Today sent a mail to the Registrar (moilbuyback@bigshareonline.com) asking them to look into this matter. Last time when I participated in NTPC buyback, amount was transferred to account on the last day of settlement of bids. So, I was expecting the same i.e. on 21 February.

MOIL Buyback

Registrar replied that I should contact broker as the settlement had been done on 18th Feb itself. So, I have now raised the matter with broker i.e. Zerodha. Waiting for its response.

TCS Buyback

Sir, Please give your opinion.

How one could hedge their MutualFund portfolio? Let's assume you've 12-15 Lakh portfolio in different schemes, and you know market is going to correct, is there any way to hedge this kind of portfolio or withdrawing is the only option??

I found on youtube that people suggest to buy NIFTY PUT options to hedge the portfolio, so if NIFTY is corrected too below your strike price, you can benefit. But I looked at the premiums and they are too high for hedging.. I just checked for the strike price 16500 and expiry-date of 31-March, the premium is 323...So it's like 50*323=16000 RS you've to pay to "secure a bit" your portfolio just for "one" month?

Please experts is there any way to get around this? Or you would suggest "averaging", I mean buy more MF units if NIFTY goes down?