Will the company buyback all the shares I have tendered in my application?
No, not necessarily. Companies accept bids from eligible shareholders based on their holdings on the record date and the buyback entitlement of the offer.
If the total number of shares tendered is more than the issue size, shares are bought-back proportionately from each shareholder. You will receive a contract note via email after completion of the repurchase process if the company has approved your offer.
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