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 Automobile Corporation of Goa shares at ₹485 and buyback offer price is ₹600, you can get ₹115 per accepted share. If you hold 412 shares of Automobile Corporation of Goa and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 136 to 206 shares with the gain from buyback of ₹15640 to ₹23690.
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% | 136 | ₹15640 |
50% | 206 | ₹23690 |
75% | 309 | ₹35535 |
100% | 412 | ₹47380 |
Zerodha Trade@20
List of all questions Ask your question