Kaveri Seeds, Zydus Lifesciences Buyback: How To Buy Back Shares At Zerodha?

A share buyback, also referred to as a stock buyback or share repurchase, is a financial tactic utilised by companies. Essentially, it involves companies purchasing their own outstanding shares from either the market or existing shareholders. Despite its perceived novelty, this share buyback strategy carries considerable significance in corporate finance.

The process of applying for corporate actions like buybacks, takeovers, and delistings at Zerodha depends on whether a Demat Debit and Pledge Instruction (DDPI) or Power of Attorney (POA) has been submitted.
Below are the steps to follow with and without DDPI/POA.

Without DDPI/POA:

1. CDSL authorization is necessary to apply.
2. Visit console.zerodha.com/dashboard.
3. Navigate to Portfolio and then Corporate actions.
4. Hover on the stock, select Options, and click on Place Order.
5. After selecting "Submit," enter the quantity of shares to be tender.
6. Authorize using CDSL TPIN and verify the OTP on the pop-up window.
7. Repeat the process to place additional orders if needed.

With DDPI/POA:

1. Visit console.zerodha.com/dashboard.
2. Select Portfolio, followed by Corporate activities.
3. Hover on the stock, select Options, and click on Place Order.
4. Enter the number of shares and click on Submit.

Important Points to Note:

- Prior to the end of the offer, shares must be in the demat account.
- Buyback orders cannot be modified but can be deleted or canceled.
- Respective delivery brokerage is applicable for non-individual accounts.
- The only participants are shareholders who owned shares on the ex-date or record date.
- Orders can be placed in two tranches until specific deadlines.
- Online orders incur charges of Rs 20 + GST, which are non-refundable.
- After placing an order, the status will be shown as Order received.
- Excess shares offered beyond the acceptance ratio are credited back to the demat account.
- Accepted shares' funds are directly credited to the bank account.
- Shares must be tendered during the offer window and not after it closes.
- Offline minor accounts may require additional steps for submission.

By following these guidelines, investors can efficiently navigate the process of participating in share buybacks at Zerodha, ensuring a seamless experience and optimal utilisation of investment opportunities.

Zerodha operates on an online discount brokerage strategy, providing clients with just online trading services. It has extremely few branches and offices and largely relies on technology to serve its consumers. Established in the year 2010, Zerodha (Head Office) is in Jp Nagar 4th Phase, Bangalore.