How Do I Apply for Buyback with 5Paisa?
Share buyback is the practice where companies choose to buy back their own shares from current shareholders, either through an open market transaction or a tender offer.
Steps to apply for a buyback of shares on the 5paisa website
| Steps | Description |
| 1 | Log in to www.5paisa.com |
| 2 | Find the buyback option in the financial product on the profile section. |
| 3 | Click on ‘Apply for Buy Back.’ |
| 4 | Click on Authorize. |
| 5 | Your bid will be placed with the exchange. |
How to Apply for Buyback of Shares on the 5paisa website?
Step 1: You need to log in to www.5paisa.com.
Step 2: You can click on Profile, where you will find Financial Product and the Buyback option.
Step 3: After clicking on ‘Apply for Buy Back’, you will land in the buyback window where you need to update the Bid Qty from Eligible Qty and click on Authorize.
Step 4: Once done, click on Authorize. For non-POA, you will land on the CDSL page and need to complete the Authorization journey.
Step 5: After providing the CDSL Authorization, the following page will display, stating that we have received your authorization for buyback and that your bid will be placed with the exchange.
Please note: The time window for applying to buyback is between live market hours, i.e. 9.15 AM to 3.30 PM (Monday to Friday). On the last day of the buyback, you can apply until 12.00 PM.