How Do I Apply for Buyback with Zerodha?
Share buybacks are important as they can increase shareholder value by reducing the number of outstanding shares. It potentially boosts earnings per share and stock prices. You can apply for buyback with Zerodha in these easy steps.
Steps to Apply for BuyBack with Zerodha
| Steps | Description |
| 1 | Visit console.zerodha.com/dashboard, Click ‘Portfolio’, and post ‘Corporate actions’ |
| 2 | Go to stock, select ‘Options’, and click ‘Place Order’ |
| 3 | Authorise the transaction using CDSL TPIN, verify the OTP, and repeat step 3 |
| 4 | Enter the number of shares for tender, and click ‘Submit’ |
How do I Apply for BuyBack with Zerodha?
Without DDPI/POA:
Step 1: Go to console.zerodha.com/dashboard and select “Corporate Actions” after selecting “Portfolio”.
Step 2: Hover your cursor over the stock, choose “Options”, and press “Place Order”.
Step 3: After inputting the number of shares you want to tender, press ‘Submit.’
Step 4: Verify the OTP on the pop-up window and authorise the transaction using the CDSL TPIN.
Step 5: To submit the number of shares for tender, repeat step 3 and click ‘Submit.’
With DDPI/POA:
Step 1: Go to console.zerodha.com/dashboard and select ‘Corporate actions’ after selecting ‘Portfolio.’
Step 2: Hover your cursor over the stock, choose ‘Options,’ and press ‘Place Order.’
Step 3: After inputting the number of shares you want to tender, press ‘Submit.’
Whether you have a DDPI/POA, taking part in corporate buyback in Zerodha is simple. You may easily apply for buybacks on the Zerodha platform by following the step-by-step instructions. Remember the previously mentioned crucial details, including the qualifying requirements, order placing periods, and fees.