How to apply for Buyback ?

Kindly follow the below steps to tender your shares for Buyback:

1.)    Login to your Trading Account using web link: https://www.mastertrust.co.in/trade-login
2.)    Enter your mastertrust Client ID and Password.

3.)    Once Login, go to My Reports --> Demat Reports --> Holdings.

4.)    A Blue tab would appear if there is an Open Buyback offer in the Scrip. Just click “BuyBack”.

5.)    Once you select “BuyBack”, a pop-up window would appear asking Buyback Quantity. Here you need to enter the number of Shares you want to tender for Buyback. Select Declaration and “Submit”.
*Please note that by default the available quantity in your account would also appear.

6.)    Post summation of the request the Client will get the confirmation on your registered e-mail id.

7.)    Status of the Buyback bid (Processed/Rejected) will also be shared on Client’s registered e-mail id.


Important Notes:

*Buyback orders are collected until one day prior to the offer end date.

*Make sure that you hold enough quantity in your Demat account before the closure of the offer end date.

*Shareholders who hold the shares as on the record date will be eligible for the corporate action so do not sell the shares after placing the order.

*All the funds for your accepted shares will be directly credited to your bank account and in case of excess shares, it will be credited back to your Demat account by the registrar and transfer agents (RTA).

*If you apply for more shares than your entitlement, then whether these additional shares will be accepted for buy-back or not will solely depend on the acceptance ratio decided by the company.

*Please note that only Beneficiary holding (free quantity) can be tendered for a buyback. If you have pledged any shares or given shares in margin, then please get them unpledged/released before placing buyback bid.

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