Why Are Buyback Shares Not Showing in My Portfolio?
No, shares tendered for a buyback offer will not be shown in your Portfolio on FLIP.
They will be blocked in your demat account till the settlement date (from the application date). Depending on whether your offer was successful or not, the shares will be deducted or unblocked in your account after settlement.
How do I participate Buyback ?
A buyback is a corporate action wherein a company repurchases a portion of its shares from the public (investors), usually at a price higher than the prevailing market rate (at a premium).
Follow the steps below to participate in the buyback:
- In the 'Products' page, find 'Corporate Actions.'
- Click on 'Corporate Actions' — you will be provided with two options: buyback and e-voting.
- Tap on 'Buyback'.
- If there's any such corporate action applicable to your account, it will be displayed under the 'Buyback' tab.
- Now click on the 'Apply' button given towards the right side.
- A 'buyback details' window will slide in.
- Enter the details and click 'Apply'.
- Once applied, you cannot cancel the buyback request.
- You can view the BuyBack Status by clicking on the 'Applied' button next to the 'Buyback' button.
HUF clients can now participate in Buyback. Buyback is available only for those whose DP is in Geojit.
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