For this part let us assume that the date today is 21st March, 2016.
On 19th feb 2016, the whole timeline till the date of extinguishment of equity shares have been intimated by company through letter of offer.
Actual Tendering Status
On 21st March 2016, through post buyback public announcement , we come to know about the tendering status. Under Small Shareholder 34% have tendered their shares and Under General shareholder 23% have tendered.
Under Small category 30 share out of 100 got accepted and under general 6 share out of 100 got accepted and remaining share got unloaded at 650/- in the market. Under small category if one had entered , one would incur 2% capital loss and under general category one would incur 25% capital loss. This is the general result, individually results may vary depending upon the shares tendered.
The purpose of such case studies is to help all of us become better investors. Cases like these are practice before the main match. Thinking on these various steps can help us develop patterns for what do if these situations would have occurred with us. We would love to know what you would have done in this case?
May we all Learn together