FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Greaves Cotton Ltd shares at ₹148 and buyback offer price is ₹175, you can get ₹27 per accepted share. If you hold 1351 shares of Greaves Cotton Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 446 to 676 shares with the gain from buyback of ₹12042 to ₹18252.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
% Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
---|---|---|
33% | 446 | ₹12042 |
50% | 676 | ₹18252 |
75% | 1013 | ₹27351 |
100% | 1351 | ₹36477 |
Zerodha Trade@20
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