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Buyback of shares

CA Sapna Ghelani (Chartered Accountant) (7550 Points)

22 March 2021

How will one participate in buyback in case if one does not receive the tender/offer form?

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CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 22 March 2021

How does one participate in the buyback in case one does not receive the
tender/offer form?
In case the equity shares are in dematerialised form: Eligible sellers can make an
application by providing the application in writing on plain paper, signed by the eligible
seller, stating name and address of eligible seller, number of equity shares held as on
the record date, client ID number, DP name/ID, beneficiary account number and
number of equity shares tendered for the buyback offer.
In case the equity shares are in physical form: Eligible sellers can participate in the offer
by providing the application in writing on plain paper signed by the eligible seller stating
name, address, folio number, number of equity shares held, share certificate number,
number of equity shares tendered for the buyback offer and the distinctive numbers
thereof, enclosing the original share certificate(s), copy of eligible sellers’ PAN card(s)
and executed share transfer form in favour of the company. Eligible sellers shall ensure
that the relevant documents are tendered at the collection centres / registrar to the
buyback offer, as mentioned in public announcement / letter of offer.
In both cases above, eligible sellers will be required to approach their respective stock
broker (along with the complete set of documents for verification procedures) and have
to ensure that their bid is entered by its respective broker in the electronic platform to be
made available by respective stock exchange, before the closing date as specified in
public announcement / letter of offer.