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 NIIT Ltd shares at ₹95 and buyback offer price is ₹125, you can get ₹30 per accepted share. If you hold 2105 shares of NIIT Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 695 to 1052 shares with the gain from buyback of ₹20850 to ₹31560.
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% | 695 | ₹20850 |
50% | 1052 | ₹31560 |
75% | 1579 | ₹47370 |
100% | 2105 | ₹63150 |
Zerodha Trade@20
List of all questions Ask your question