Yes. Once you tender your shares in a buyback, they are blocked in your DEMAT account during the offer period you cannot sell them on the exchange while they are tendered.
After the offer closes:
- If your shares are accepted they are debited from your DEMAT and the payout is credited to your bank account automatically.
- If your shares are partially accepted the accepted shares are debited and paid out. The remaining shares are unblocked and returned to your DEMAT automatically.
- If your shares are not accepted all tendered shares are unblocked and returned to your DEMAT without any deduction.
The entire process is blocking, debiting, and returning is handled automatically once the offer closes and allotment is processed.
Easy & quick
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