How to apply for buybacks at Jainam?

The process to apply for corporate actions such as buybacks, takeovers, and delisting depends on whether a Demat Debit and Pledge Instruction (DDPI) or Power of Attorney (POA) has been submitted or not. 

• Buyback Bid Process Through JPlus Web (if the POA or DDPI has been submitted): - To apply for buyback from JPlus web, follow the given steps:
  1. log in to J plus
  2. Select corporate action.
  3. Select the company for your buyback bid.
  4. Select bid option and edit quantity.
  5. Click on the undertaking checkbox and submit.

• Buyback Bid Process Through JPlus App:To apply for buyback from Jplus app, follow the given steps:
  1. Login to Jplus app and tap on corporate actions.
  2. You can now see,different buybacks going on.
  3. Select the scrip you want to bid for buyback and tap on apply.Now, enter the quantity, click on the undertaking checkbox and Continue.

RELATED FACTS:

• For those investors who have not submitted their POA or DDPI and will have to fill out a DIS slip with the relevant DP to bid for buyback.

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• The client can bid only on free shares in the buyback, and pledged shares are not eligible for bidding in the buyback.