Buyback
When will my securities be returned if my Buyback order isn't approved?
If your buyback order isn't accepted, the securities will be credited back to your bank account on or before the extinguishment date.
When will the Buyback amount be credited to my account after my order is accepted?
If your buyback order is accepted, the amount will be credited to your bank account on or before the extinguishment date.
What does extinguishment date mean in share Buybacks?
The extinguishment date refers to the timeline when a company, after buying back its own shares or other securities, must destroy them. This process is typically completed within a week post the buyback's conclusion. The aim is to reduce the ...
Can I participate in NSE Buybacks via FYERS?
Absolutely! At FYERS, we offer the facility to apply for buybacks on both NSE and BSE. To familiarise yourself with the process of applying for Buybacks, please refer to this article.
What is the cut-off time to place a Buyback order?
The timeline for placing Buyback orders is: Particulars Timings Normal Days 8:00 AM to 2:30 PM Closing Day 8:00 AM to 1:00 PM Note: Any Buyback orders attempted beyond these specified hours won't be accepted.
Why can't I apply for all Buybacks on FYERS?
At FYERS, we enable our users to apply for Tender Offer Buybacks directly through the 'My Account' portal. To gain clarity on the application process, refer to this article. However, Open Market Buybacks cannot be applied for via FYERS. Tender Offer ...
Why am I encountering an 'Invalid quantity' error when applying for a Buyback of shares on FYERS?
This specific error crops up when the quantity you bid for exceeds the quantity of shares you currently possess. For example, Mr. Anuj, a client at FYERS, has 10 shares of TCS in his holdings. Eager to participate in the Buyback, he mistakenly bids ...
Why am I seeing the 'Not enough quantity' error during my Buyback share application on FYERS?
This particular error occurs when there's lack of shares in your Demat account of the company offering Buyback. The system verifies that you had the relevant shares in your Demat account on or before the record date for the Buyback. In simple terms, ...
Can I cancel my Buyback order on FYERS?
Yes, you can cancel a Buyback order on FYERS provided it has not been executed. It's important to note that the cancellation is only possible if the order's status is still 'Pending.' Steps for Cancelling a Buyback Order: Access Your Order Book: ...
How can I modify my Buyback order?
Certainly, modifying a Buyback order on FYERS is permitted and can be done with ease, as long as the order has not yet been executed and is in 'Pending' status. Steps to Modify a Buyback Order: Go to Your Order Book: Log in to 'My Account' and ...
What is Buyback of shares?
A buyback of shares is a corporate strategy where a company buys back its shares from its shareholders at a value typically higher than the ongoing market rate. Companies often resort to a buyback when they perceive their shares are undervalued and ...
Why did my Buyback application fail on FYERS?
Typically, if you held shares of the company offering a buyback in your Demat account by the designated record date, your application should proceed without hitches. However, if you encounter the 'Failed to Apply' error, there might be an underlying ...
Is online application possible for share Buyback on FYERS?
Absolutely! On FYERS, you can seamlessly apply online for a share buyback, given you possess the relevant shares in your Demat account by the crucial record date. The entire online tendering procedure is streamlined for your convenience. For a ...
What is tender offer?
A 'Tender Offer' is an official proposal by a company to repurchase its own shares or other specific securities directly from the shareholders. A company has multiple avenues to buy back its securities: From Shareholders through Tender Offer: Here, ...
How do I apply for a Buyback on FYERS?
Applying for a Buyback on FYERS is a straightforward process. Here's how you can do it: Log in to 'My Account': Upon logging in, you'll find the 'Corporate Actions' option. For reference, see the mentioned image. Navigate to 'Buyback': In 'Corporate ...