Does tender buyback record date also determine how many shares will be accepted from me in buyback ?

Investing 💰
1

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.

Thanks

2

Hi @dip2,
Now if you have one share in your demat account as on the record date, the number of shares accepted in buyback be determined according to 1 and not 100. Also in the second scenario, you can do that but minimum possible acceptance rate is not pre-determined. It is only after the company accepts the shares, its evaluated.

3

Are stocks bought using MTF mode eligible for buyback (tender)?