What is the settlement cycle for Buyback?
The settlement cycle for processing the buyback transactions to your bank account is 5 days. This means you can expect to receive the amounts related to the buyback within this time frame after the application process is completed.
Related Articles
What is a Buyback?
A buyback, or share repurchase, is when a company buys back its own shares from the stock market. Companies do this to increase the value of remaining shares, as there will be fewer shares available. This can make each share more valuable and ...
What is the duration of the buyback offer?
The buyback offer will be available for a total of 5 days. During this period, you can submit your application. However, please note that requests will only be accepted until 12 PM on the 5th working day, so it's essential to act within this time ...
Who is eligible to apply for the buyback?
To participate in the buyback, you must be a shareholder who owned the company's shares on the record date, which is the date set by the company to determine who is eligible. It’s important to verify that you held shares as of this date to ensure ...
What are the key dates to know in the dividend process?
Dividend Declaration Date: The date the company announces the dividend. Record Date: The date the company reviews its shareholder list to determine who will receive the dividend. Ex-Date/Ex-Dividend Date: The last date to buy shares to qualify for ...
What happens if I buy shares on or after the ex-dividend date?
If you buy shares on or after the ex-dividend date, you will not receive the dividend for that cycle.