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Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Eris Lifesciences Limited shares at ₹500 and buyback offer price is ₹575, you can get ₹75 per accepted share. If you hold 400 shares of Eris Lifesciences Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 132 to 200 shares with the gain from buyback of ₹9900 to ₹15000.
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% | 132 | ₹9900 |
| 50% | 200 | ₹15000 |
| 75% | 300 | ₹22500 |
| 100% | 400 | ₹30000 |
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Zerodha Trade@20
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