Wipro buyback shares quantity

#1

hello,
i have 1500 shares of wipro in my demat.i would be participating in coming buyback. i can only give 650 shares in the buyback.can i lend rest of the shares to my brother for participating in the same buyback.we both have accounts in zerodha.what is the process to transfer shares to other’s demat account in zerodha?

#2

Wipro buyback record date should be around 12-15 June (postal ballot approval is on 03 June) so you can do off market transfer of your desired shares to other account using a DIS slip by this date which is to be announced in all probability alongwith postal ballot approval.
to have a much higher acceptance ratio your holding as on record date closing market price should be maximum rs 2 lakh .