This is regarding Wipro Buyback wose record date is on 21st June. Can I sell my shares on 22nd June and then buy again befrore the actual tender date. WIll I be eligible to tender my shares ?
you can very well do . the share will be trading ex buyback from 20 June means you can even buy on 19 june and sell on 20 june and also become eligible for buyback .
Hope my question is fully understood. In my case, I won’t be holding the shares continuously from the date of buyback and till the tender date. I will sell in between and buy again.
yes you can sell any day on or after 20 June and buy again as and when you want till 2 working days before buyback closer. last time it took 75 days from record date for buyback to start .
you do not even have to wait and sell after record date but if you want you can sell on ex day which is 20 June and buy later as and when buyback open .
Say I have 100 shares as of record date. Can I buy 100 more shares after record date but before tender process starts? Will the entitlement ratio be applied on 100 shares or 200 in this case?
Since you held only 100 shares on record date, you will be entitled to tender only 100 shares.
Tried doing that?
I am in similar situation for INFY buyback (14 Nov Record Date)
I want to buy before record date
Sell just after record date
Re-Purchase later during tendering periord? (I Dont know what is it!!) Also what could be the last date for me to repurchase those shares for buyback. Like mid december? 1st week december?
If you sell after the record date and then purchase again before the tender date, you will not be eligible. According to the company’s shareholder list kept up to date by the depositories, eligibility is determined solely by who owns the shares on the record date.