New buyback tender process
At Zerodha, you can now tender your shares completely online without the requirement of a scanned copy of the tender form. The order window to tender your shares will be made available in your Q backoffice during the buyback window period. You have to simply log in to Q and enter the quantity of shares you wish to offer for the buyback. On receiving your order, Zerodha will place the bid on your behalf, transfer your shares to the RTA and provide you with a Transaction Registration Slip(TRS) containing your bid details.
Any shares offered in excess of the acceptance ratio will be credited back to your Demat account by the RTA and the funds for your accepted shares will be directly credited to your bank account.
Buyback details:
- Infosys buyback
Buyback price: Rs.1150/share
Buyback window: 30 Nov 2017 to 14 Dec 2017
Buyback Entitlement ratio for retail investors is 28.4%
- Wipro buyback
Buyback price: Rs.320/share
Buyback window: 29 Nov 2017 to 13 Dec 2017
Buyback Entitlement ratio for retail investors is 62.9%
Important Note: Please ensure that you tender your shares during the buyback window. Tender offers cannot be made after the buyback window closes.
Acceptance ratio:
The acceptance ratio will be calculated only when the buyback window closes and it will be based on the quantity of shares tendered and the number of retail investors who have applied for the buyback. If you tender more shares than your entitlement, then whether these additional shares will be accepted for buyback or not will solely depend on the acceptance ratio.
Charges:
The online buyback tender order on Q will be charged Rs.20+GST.