How to apply for Equity Shares Buyback through Zerodha
This post is for you, in case, you wish to apply for Equity Buyback through the Zerodha platform.
Prerequisites before you apply for Equity Shares Buyback through Zerodha:
- You have a trading account with Zerodha.
- Shares have been received into your demat account of the script that is up for buyback, by the record date, and the Company has sent you the Letter of Offer for the buyback.
Steps to apply for Equity Shares Buyback through Zerodha:
Following are the process steps.
Go to the Zerodha Kite login page.
And you have completed the tender process. Now, all you have to do it wait for the process to complete. The Company will decide the final acceptance ratio and do the following two things.
- The number of shares that have been accepted will be taken from your demat account, and ‘extinguished’, and the total due amount will be transferred to your bank account, AND
- Any shares not accepted will be transferred back to your demat account.