sorry if this is a dumb Q. A noob here.
I know that the buyback record date decides if one is elligible to participate in the buyback.
Also understand that i could sell after ex date and then buy shares again to participate in the buyback within the allowed period.
Now if I keep one share in my demat account on the record date and buy 99 later. Will the number of shares accepted in buyback be determined according to 100 or 1 ?
If the answer is 1 then here is another scenario.
I keep 100 on the record date and if the min possible acceptance rate is say 5 percent, then i sell the 95 and submit 5 in tender process.
Please help me understand.