Please find below the process to place your bid for buyback of shares.

Process 1

• The customers who are eligible for buyback will get an email from “[email protected]” on their registered email ID in our records.
  
• This email will contain a link through which the customers can simply place their buyback bid.

This link can be used one time only. If a customer try to use this link for the second time it will show them an error “Link Expired”. In this scenario customers may place bid through MT panel-Back office.

Process 2

Customers may place their bid through MT panel back office also. Below mentioned are the steps for your reference.

1) Kindly login using web link https://backoffice.mastertrust.co.in/Account/Login and your mastertrust Client ID.

2) Please use Forgot Password option to receive password for login.

3) Post login, go to “Request” Menu on the left hand side of the page and select “Buyback” Option.

4) Details of the open/running Buyback will appear on the screen.       

5) Further by clicking on the “Status” option you will be able to place bid for Buyback as illustrated below:

6)  Please click here to view the video to get more information regarding this process.

Important Points:

• Buyback bid can be placed only in Active account. Inactive account holder needs to activate their Trading account first to place bid.
  
  
  
  

• Please place your Buyback bids one day prior to Issue closing date for timely execution & avoiding of rejection (if any). mastertrust will try to place bids for all the requests received on best effort basis & shall not be held responsible / liable for non-execution / delayed or non-processing of the bids placed on the closing date of the buyback issue.
  
  
  
  

• mastertrust will try to place bids for all the requests received on best effort basis & shall not be held responsible / liable for non-execution / delayed or non-processing of the bids placed on the closing date of the buyback issue.
  
  
  
  

• Your mastertrust Demat Account should have either POA executed by you in favour of Master Capital Services Ltd or Latest Demat Debit Pledge Instruction (DDPI), which came into effect after 18-11-2022, to tender shares in buyback. Make sure that you hold enough quantity of shares in your Demat account before the closure of the offer end date.
  
  
  
  

• Shareholders who hold the shares as on the record date will only be eligible for the Corporate Action so do not sell the shares after placing the order for the Buyback.
  
  
  
  

• All the funds for your accepted shares will be directly credited to your bank account as per our record and in case of excess shares, it will be credited back to your Demat account by the Registrar and Transfer Agents (RTA).
  
  
  
  

• Please note that only free quantity can be tendered for a Buyback. If you have pledged any shares or given shares in margin, then please get them unpledged/release them before placing buyback bid.
  
  
  
  

• 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.