Buy-Back is a corporate action in which a company buys back its shares from the existing shareholders usually at a price higher than market price. When it buys back, the number of shares outstanding in the market reduces. You will be eligible for buyback if you hold stocks on the record date in your account.
This feature will soon be available to all our customers.
What is book closure date?
Will I qualify for the benefits of corporate actions in stocks that have been pledged with Kotak Neo?
Will I be eligible for the benefits of corporate actions if I have pledged my stocks?
Why should I buy SGB rather than physical gold? What are the benefits over holding physical gold?