TCS Buyback

Util that time please provide offline support.

I thought that offline process is supported and I was planning to send offline form on Sunday and just reading that there is no way to participate and amount was blocked and can't do anything.

Bad service.

I agree with you . Very bad service they should provide offline support till that time. Its big loss

Yes, we do. Please go through this article. 

Kranthi,

looks you opened demat account in broker which doesnot allow to participate in buybacks. Better to switch to others. Fyers service is worst

Yes, that's true.  But, If we transfer the shares to other Demat, Can we still participate in the BuyBack offer ?

Even i too got the same doubt. If demat account belongs to same person Then we can participate

We do support it. We've published an article to help you go through the offline procedure. 

Yes. They are not at all responding and tcs buyback is nearby.

@Tejas Khoday Please clarify regarding this buyback issue.

@Tejas Khoday  FyersTeam,

Very bad to see un-ethical practice like this. If you don't have a feature in place, come forward and inform your customers well in advance. Your customers would have bought the TCS shares in another demat account where the facility is available. Will you be buying from your customers at the offer price of 4500 ? 

You have an online process for account opening, but for others, people have to follow offline procedure. Your negligence or lack of planning makes thousands of clients to step out to go to post-office / courier centers to follow the offline process during the COVID times.

I urge your attention to give an announcement to all your clients about the offline procedure ASAP.

They are changing their words.

Sometimes, they says no offline or online process. And now they are saying offline process exist. 
Worst service.

@Anirban Kanrar 

Where is the Tender form available?  Pls share the link on priority..

Hi Kranthi Kumar,

Please find the procedure of applying for buyback in the below link :

https://support.fyers.in/portal/en/kb/articles/how-can-i-apply-for-buyback-of-shares-in-fyers

Thank you

@Yashoda Bommanalli 

Is this the correct way of filling the Tender form?  Please guide.

Hi @Kranthi Kumar,

Kindly provide your Client ID in the DM.

We will arrange a call back from the concerned team!

Thanks :)

@Anirban Kanjilal 

My client ID is XK04719

We'll enable online buyback soon. Currently, you'll have to apply offline. Read this for more info. - https://support.fyers.in/portal/en/kb/articles/how-can-i-apply-for-buyback-of-shares-in-fyers

Not true. We've published an article on how to apply for the buyback here.

i am  also waiting for reply mail from fyers as 48 hrs over from my request mail, very poor response  service from fyers team, this is not i am expecting from a reputed broker like fyers, in upstox we just need to press one click to apply for buyback it takes just 2 min but in fyers even after 2 days i am unable to apply for buyback which is so frustrating next time i will definetely use upstox.

Hi @Harakhchand Hemraj Gudhka HUF,

Kindly refer to this article on How to apply for the TCS buyback.

@Anirban Kanrar 

I've added the said BO ID.  which is currently pending for Authentication.  I don't see an option to do OTP verification. Pls suggest 

Hi @Kranthi Kumar,

We have arranged a call back from the team!

Thanks :)

Hi Guys, 

Please help me on this if anyone completed successfully

Hi Badri, 

Is your BO ID authenticated ???   Under Edit Trusted Accounts ?  Better to share the screenshot of previous step.  i.e., Edit Trusted Accounts .

Same problem here.

After adding the Trusted BOID 1208940000139409, trying again and it says BOID already added but it doesn't show in the list of added BOID.

CM ID dropdown is blank, not showing 6697

EDIT: A while later the 1208940000139409 BOID is showing in the listed of TRUSTED BOID.

After that 6697 appears in CM ID.

Make sure to RESET and CHANGE the PIN.

Thanks for all the efforts by Support to try and get us over the line.

Same problem with me. 

Same issue with me also, no CM ID in dropdown. Can someone from Fyers team help in this matter 

me also waiting for reply from fyers team. I have also done email to cdsl what's wrong as many fyers people facing same issue. Just waiting for reply.

Hi @Badri,

Kindly let us know your Client ID in the DM.

We will arrange a call back from the team and guide you regarding this!

Thanks :)

Hi @Anirban Kanrar : my BOID is authenticated. Please check once - I am unable to enter CM ID. My client id is XB04695 . Kindly arrange call back and resolve the issue ASAP.

My issue is resolved now. Thanks Fyers team.

Can you see the BOID added and Authenticated like in the image ?

I can see account type "BO" not CM.. 

@Chirag  @Tejas Khoday       how to convert "CM" from "BO"? I have submitted POA in fyers so hopefully it will not create any problem.

yes you are right. This is literally getting very much confusing.

@Chirag I'm getting this message and hence couldn't able to add Fyers BOID. How to resolve this. Moreover as we have submitted the scanned copy of the filled the offline form, I guess Fyers will take care of the Tender via offline mode.

1208940000139409 this is the account you have to ADD in Trusted A/Cs.

Check if its the same. Delete other a/c which are not relevant

Hi@ramakant samal,

Kindly let us know your Client ID in the DM.

We will arrange a call back from the team and guide you regarding this!

Thanks :)

Hi @jaimin rao,

Kindly let us know your Client ID in the DM.

We will arrange a call back from the team!

Thanks :)

@Anirban Kanrar  client id is XJ05422 . If possible kindly arrange it asap as only now 2 days left to apply.

Can you please tell me how to check whether buyback is applied successful after completing procedure you posted for TCS buyback

Can you please tell me where to find this 

After opening cdsl easient click transaction >>>>Enquiry>>>>Early Payin. Insert all details and you will find every details. But only after successful application done on Transaction>>>Set Up.

Hope this will work

Hi @Anirban Kanrar Client ID is DA01609
Need a callback arranged from the Buyback team at the earliest!

Hi @Deepali Lahoti,

Kindly share your Client ID in the DM.

We will arrange a call back from the team!

Thank you for not responding and letting customer loose this opportunity!! Ticket which I had raised is closed so good for your systems to not have open tickets but issue was never resolved so you may want to show good matrices internally about closed tickets but ground reality is different. Thanks for the response (or rather lack of it)  and I reinforcing my decision to trade with other brokers as the right one. Best luck!

Yes i have also same doubt my friend got confirmation from upstox but what about me applied in cdsl through fyers

Yes cdsl debited total appllied units dont know how many will be accepted

Any idea when do we get the confirmation about allotment ?

Yes, Communication from TCS is pretty nice..  

CDSL also credit the remaining units back now.  Just received the confirmation.. 

Hi Anjan, 

First off all thanks for keeping the  patience and believing in FYERS. So now the wait is going to get over and FYERS Buyback Portal is almost ready. Some last stage testing is going on and hopefully you will be able to place buyback orders by 1st week of June. 

Hi Suruchi,

any update on this ? or you keep on extending the dates. We have zydus buyback which starts from June 23rd. Based on your above response, i bought shares. Now, tell me when you are going to make buyback option available and if not, how can i tender the shares in buyback ?

Hi @Anjan,

Today we have gone live with our  Buyback Platform. Going forward you can participate in all the upcoming Buybacks. Thanks for keeping the patience and believing in FYERS. Happy Trading . 

Thanks.! Where can i find option to place buyback request 

Hi,

any update on this. Please let us the process of applying buyback. Where can we find that option . Is there any separate link for that ?

Hi @Anjan Kumar you need click on My accounts, under that click on Corportae Action and you will see Buyback portal. In a day or so we will come out with a video covering Buyback. If you want to know more about Buyback , you can click on the below mention link.

https://support.fyers.in/portal/en/kb/platforms-tools/corporate-actions/buyback 

awesome, hope Fyers continues in same spirit.

Unable to apply for Indiamart intermesh buyback. Please help to resolve this issue. Window to apply for buyback is open now. 

Hi Kranthi Kumar, 

You can check details related to upcoming IPO, OFS, Buyback on the below mentioned link.

https://www.nseindia.com/market-data/all-upcoming-issues-ipo

@Suruchi Kapoor IndiaMART InterMESH buyback window is open now. Why i dont see it in buyback company list? 

Our system is integrated with BSE. So whatever the Buyback listed in BSE you will be able to apply. However,  most of the Buyback will be listed in both Exchange. Integrating with NSE is also in our future consideration.

BSE official link
https://www.bseindia.com/markets/PublicIssues/AcqIssueDetail.aspx?Type=1

Again such a worst experience with Fyers. Why didnt you  say this earlier. You have to provide correct information to the customers. Based on your confirmation, I bought Zydus shares and many other shares. Now, you have done a blast. 

Now, who will buy my shares... Fyers ? or who ?

This is not at all accepted from Fyers. How, you are going to do justice for me.

Hi Anjan Kumar,

If you see my previous reply , I had very clearly stated that " Our system is integrated with BSE. So whatever the Buyback listed in BSE you will be able to apply. However, most of the Buyback will be listed in both Exchange. There can be few cases where the Buyback may not getting listed in one of the exchange due to some compliance issue. Integrating with NSE is also in our future consideration."

Also we can not be sure on which exchange the buyback is going to get listed . However you can tender your Zydus shares by connecting through the lead managers. For your reference sharing the link. You can go through this link and surrender your shares. If you need any help in understanding feel free to reach us.

https://www.nseindia.com/market-data/tender-issue-information?symbol=ZYDUSLIFE&type=Active

Hi Suruchi,

If you see your previous reply, "Hi @Anjan,

Today we have gone live with our  Buyback Platform. Going forward you can participate in all the upcoming Buybacks. Thanks for keeping the patience and believing in FYERS. Happy Trading . "

Where did you stated that its limited to few buyback and integrated to BSE only.  Looks you are acting smart. Also, the link which you shared have only lead manager details but dont see the process how to surrender shares through lead managers.

Hi All,

I suggest everyone to use some other broker. They are playing tricks with their customers. They are doing the same since TCS buyback and making customers to struggle a lot. Why do we need to struggle. Better to switch to another right.

Hi Anjan, 

Sorry to say, but seems you have not seen the link clearly. There is one document attached which clearly state the process.  For your reference I have pasted below the paragraph from the document shared by the company along with the Lead managers details. Besides this will request you to know more in detail, please go through point  point number 11 of the document.

PROCESS AND METHODOLOGY FOR BUYBACK 11.1 The Buyback is open to all Eligible Shareholders holding Equity Shares either in physical and/ or in dematerialized form as on Record Date. 11.2 The Buyback shall be implemented using the “Mechanism for acquisition of shares through Stock Exchange” as specified by the SEBI Circulars (“Stock Exchange Mechanism”) and following the procedure prescribed in the Companies Act and the Buyback Regulations and as may be determined by the Board (including Committee authorized to complete the formalities of the Buyback) on such terms and conditions as may be permitted by law from time to time. 11.3 For implementation of the Buyback, the Company has appointed ICICI Securities Limited as the registered broker to the Company (“Company’s Broker”) to facilitate the process of tendering of Equity Shares through the Stock Exchange Mechanism for the Buyback and through whom the purchases and settlements on account of the Buyback would be made by the Company. 

The contact details of the Company’s Broker are as follows: ICICI Securities Limited Address: ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025; Tel no.: +91 22 6807 7345; Fax no.: +91 22 6807 7803; Contact person: Allwyn Cardoza; Email: allwyn.cardoza@icicisecurities.com; SEBI registration no.: NSE & BSE: INZ000183631

Addressing your second concern, where I have mentioned, so will request you to check the above thread, you will be able to figure out. 

Also,  if sharing the right information is smartness then I, take it as a compliment at least we are true to our customers and don't give any false hopes or promises, unlike other broking houses where they are not bother to share the right information with their clients.

If you need further any help in this buyback, feel free to get in touch. It will be my pleasure to help you and guide you. Thanks

Hi Anjan Kumar,

I was never aware that sharing the right information with the clients is considered to be as playing a trick. You really need to check the definition of trick, also I really don't know what will you be calling to those brokers who hide information from clients????...

Again and again you giving example of TCS, so in that also we never gave a false promise or hope. We stick to our promise of coming up with the Buyback Platform. Some delays happened in going live, but you should also understand Rome was not build in a day. To deliver good things with quality take time . Also, Trick would be . if we had promise and did not delivered as per our promise.

Also, we are already in process to  integrate the NSE system, so that our clients can apply for the buybacks which are going to be listed only on the NSE. 

Hope your all concerns are being address, if you have further any more concerns or feedbacks do share on this platform, would love to address them. Thanks.