Can I sell shares after placing a buyback request?

Yes, you can sell the shares after placing the buyback, however upon selling, the buyback request will be rejected. Once you place a buyback, you should avoid selling the shares submitted for buyback until the process is completed or the request is cancelled.

These shares must remain available in your Demat account for verification and settlement.

Selling shares after submitting the request

If you sell the shares after placing the buyback request, those shares may no longer be available in your Demat account. As a result, the buyback request will be rejected during verification or settlement.

Keeping shares available in your Demat account

The shares submitted for buyback must remain in your Demat account until the buyback request is processed successfully or cancelled. This helps ensure that the submitted quantity is available when the request is verified.

Before taking any action on the submitted shares

After placing a buyback request, avoid selling or pledging the shares submitted for buyback. You can take further action on those shares only after the request is successfully processed or cancelled.

What If...

Scenario	What it means
I sold the shares after placing the buyback request	The buyback request may be rejected because the shares are no longer available in your Demat account.
I want to sell the shares now	You should first ensure that the buyback request is cancelled or processed before selling the shares.