Search for an answer or browse help topics to create a ticket

How can I participate in BUYBACK?

1. You need to block the shares in favour of your broker as per specific settlement by calling on 022-48934000 or write to (Provided you have trading + demat with us) If demat is not with us, kindly request for details for early payin.

2. Broker offers your shares. In buy back it’s at a fixed price 

3. On settlement date pro rata/ entire offered quantity is accepted by company

4. You get Gross amount (= buy back price x accepted quantity)( no TDS, no STT , no brokerage and other charges) Directly from the clearing corporation 

5. Broker will raise a contract of the sale with the debit amount of the STT, brokerage and other charges. You settle this from your existing credit , if any or remit the amount to the broker

6. You pay tax as per your holding period.

Wildcard SSL