How to apply for buybacks, takeovers and delistings at Zerodha?

The process to apply for corporate actions such as buybacks, takeovers, and delistings depends on whether a Demat Debit and Pledge Instruction (DDPI) or Power of Attorney (POA) has been submitted or not. To learn more, How to check if the POA/DDPI is active or inactive for an account?

The steps to be followed without DDPI/POA and with DDPI/POA are mentioned below:

Without DDPI/POA

CDSL authorization is required to apply. To learn more, visit What is the CDSL TPIN and how to use it to sell the stock holdings?

1. Visit console.zerodha.com/dashboard.
2. Click on Portfolio and then Corporate actions.
3. Hover on the stock, select Options and click on Place Order.
4. Enter the number for tender and click on Submit.
5. Authorise using CDSL TPIN and verify the OTP on the pop-up window.
6. Hover on the stock again, select Options and click on Place Order.
7. Enter the number of shares for tender and click on Submit.

With DDPI/POA

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

Did you know?

• The required shares must be in the demat account before the offer ends. Do not sell shares after placing the order.
• Buyback orders cannot be modified. However, the client can delete or cancel the existing order and place a new one.
• Respective delivery brokerage is applicable and displayed on the contract note for non-individual accounts.
• Only shareholders who hold shares as of the ex-date/record date are eligible for the corporate action.
• Orders for buybacks, takeovers, and delistings can be placed in two tranches:
  1. The first one is collected until 6:00 PM, one trading day before the offer end date.
  2. The second one is collected from 6:00 PM on the day before the offer end date until 1:00 PM on the offer end date.
• Online orders incur charges of ₹20 + GST, which are non-refundable, regardless of order acceptance or rejection.
• Once an order is placed, the status will be shown as Order received.
• Shares offered more than the acceptance ratio are credited back to the demat account by the RTA, and funds for the accepted shares are directly credited to the bank account. If funds are rejected by the bank, they will be credited to the Zerodha account within four days.
• Shares must be tendered during the offer window and cannot be tendered after the offer window closes.
• Offline minor accounts opened before January 2024 do not have access to Console. If the RTA requires the guardian to submit the Transaction registration slip (TRS), create a ticket to get it. Alternatively, minor accounts opened before January 2024 can get the Kite and Console access by couriering the trading application form along with a few documents to Zerodha. To learn more, see How to enable Kite login access for a minor account?

All the current and upcoming corporate actions can be tracked on this list (DOC).