Buyback or share repurchase is a corporate action in which a company buys back its shares from the shareholders. Generally, companies “buyback” shares at a price higher than the current market price. There are two types of buyback: tender offer and open market offer. Companies can choose either of these methods to buy back shares from their shareholders.
The POA / DDPI enabled customers can apply for buyback of shares as below: -
Client can give their consent by accepting via a link being sent to client’s registered number and email id.
The shares must be on free status.
Demat / Trading account status must be Active.