How to tender shares in a buyback on Zerodha

Tue, 12 May 2026 00:00:00 +0000

A share buyback (or share repurchase) is a corporate action in which a listed company purchases its own shares from existing shareholders, reducing the total shares outstanding. In India, listed companies may conduct buybacks through two routes: the tender offer route (via the exchange’s settlement platform) and the open market route (through the secondary market without shareholder action). This guide covers the tender offer route, which requires shareholders to actively tender shares within the offer period.

Buyback and tender offers on Zerodha

Mon, 11 May 2026 00:00:00 +0000

A share buyback (also called a share repurchase) is a corporate action where a company purchases its own shares from existing shareholders, reducing the total shares outstanding. In India, listed companies can conduct buybacks through two routes: the tender offer route (through the exchange platform) and the open market route (through the secondary market). Zerodha facilitates shareholder participation in tender offer buybacks through Kite.

Tender offers are distinct from open market buybacks: in a tender offer, the company announces a buyback price, a buyback period, and invites shareholders to tender their shares at the buyback price or below. Shares tendered at or below the final buyback price are accepted (subject to the company’s acceptance ratio). The open market buyback does not require any action from individual shareholders; the company buys shares from the exchange like any other buyer.

Section 115QA on WebNotes

How to tender shares in a buyback on Zerodha

Buyback and tender offers on Zerodha