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Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Adani Ports and Special Economic Zone Ltd shares at ₹425 and buyback offer price is ₹500, you can get ₹75 per accepted share. If you hold 471 shares of Adani Ports and Special Economic Zone Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 155 to 236 shares with the gain from buyback of ₹11625 to ₹17700.
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% | 155 | ₹11625 |
| 50% | 236 | ₹17700 |
| 75% | 353 | ₹26475 |
| 100% | 471 | ₹35325 |
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Zerodha Trade@20
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