How Do I Apply for Buyback with Motilal Oswal?

Applying for a buyback at Motilal Oswal is a simple and quick process for investors. 

Steps to Apply for Buyback with Motilal Oswal

How to Apply for Buyback with Motilal Oswal

Buybacks allow shareholders to sell their shares at a greater price than the current market price. There are two ways to apply for a buyback: through a tender form and on the open market. The process and the steps are listed below. 

Step 1: First provide yourself the tender form from the company for the share buy back application process.

Step 2: Now enter the following information to fill up the tender form:

• The number of shares you own in the corporation as of the record date.
• The number of shares that fulfil the requirements for buybacks.
• The amount of shares you want to apply for repurchase.

Step 3: Submit the finished tender form to the company. 

The brokerage firm will acknowledge your request for share tender, often in the form of a transaction registration sheet or an email.

Any shares tendered in excess of the company’s acceptance ratio will be credited back to your Demat account once the transaction is processed.

Open market buybacks involve when a company shares from sellers on the stock exchange. 

In the open market, you need to refer to the offer agreement to determine when the company will begin the buyback. 

Please keep in mind: It must be noted that in the open market, there is a defined duration and it can go on for a longer period of time. Understand that in the open market buyback process, the company’s brokers manage the transactions on its behalf.

Eligibility for Participation in Buyback

To determine your eligibility, you must check the record date to participate in the buyback of shares. 

• Understand that the record date is the date by which you must have shares in your portfolio that meet the criteria for the repurchase.
• To apply for a share buyback, make sure you have the appropriate shares in your portfolio before the record date.