ANNOUNCEMENTS

As per NSE’s latest guidelines on placing limit orders for Index Options (NIFTY 50, BANK NIFTY and FINNIFTY) the following changes would apply from the next trading session:  

• Your limit order for Index Options will be rejected by the Exchange if the entered limit price goes beyond the below specified limit prices:

For LTP Less than or equal to ₹50 Buy orders - Price cannot be greater than ₹20 from the LTP Sell orders - Price cannot be lower than ₹20 from the LTP For LTP greater than ₹50 Buy orders - Price cannot be greater than 40% of LTP Sell orders - Price cannot be lesser than 40% of LTP  

• In such an instance, you will see this error message: “17070:The Price is out of the current LPP range” on our app/web platforms
• Changes will come into effect from 31st October 2022

  Kindly observe the above changes before placing orders in Index Options to avoid order rejections. You can refer to the  Exchangecircular here: LINK.

  To comply with a recent SEBI mandate on the discontinuation of a pool account for Stock and Mutual Fund related transactions, keep the following in mind:  

1. While using UPI payment mode for Mutual Fund investments, if you face 'Contact number required' error, try the NetBanking mode or retry after 2 working days.
2. While using NetBanking payment mode for Mutual Fund investments, if you face an ‘Invalid bank account’ error, try with another bank account.
3. Ignore emails or SMS from BSE which have payment links. Payment should be done on the Upstox portal.

What is the SEBI mandate about? While you can invest in a Mutual Fund from the Upstox platform, the funds for buying Mutual Fund units will be deducted directly from your registered bank account. And on redemption of these units, they will be credited to your registered bank account. To learn more, refer to our announcement here: SEBI discontinuation of pool account for Mutual Funds - Upstox

As per SEBI circular no. SEBI/HO/IMD/IMD-I DOF5/P/CIR/2021/635 dated 4th October 2021, the usage of a common fund wallet (pool account) for Stock and Mutual Fund related transactions will be discontinued from 1st July 2022.   What does this mean? Earlier you could invest in Mutual Funds via funds in your Upstox wallet. And on redemption/sale of units, the funds would be credited to your Upstox wallet from where you could place a withdrawal request. However, as per the above mentioned SEBI circular, while you can invest in a Mutual Fund from the Upstox platform, the funds for buying Mutual Fund units will be deducted directly from your registered bank account. And on redemption of these units they will be credited to your registered bank account.   What to keep in mind?

• To comply with the above mentioned SEBI mandate, there will be a maintenance activity on our platform from 30th June 2022, 2:30 PM to 1st July 2022, 12:00 PM. During this time you will not be able to buy/sell any Mutual Fund units. Existing SIP transactions will remain unimpacted. 

 

• A DP (Depository Participant) charge of ₹18+ GST is applicable on the redemption of Mutual Fund units. This will be deducted from your Upstox wallet and not from your bank account.  Ensure you have sufficient funds to successfully redeem your units.

  To know more, refer to the Exchange circular here.

NSE will be revising the lot size of 66 stock F&O contracts from May 2022. Why is this revision happening? SEBI mandates that the contract value of all F&O contracts remain between ₹5 - ₹10 Lakhs. Hence after NSE’s periodic review (every 6 months), if the contract value of stock F&O contracts is beyond this range, there is an upward or downward revision in its lot size.   As per this revision, here are the 12 stock F&O contracts whose lot size will reduce from May 2022 expiry date onwards:  

Sr. No.	Underlying Stock	F&O Symbol	Present Market Lot	Revised Market Lot
1.	BANK OF BARODA	BANKBARODA	11700	5850
2.	BATA INDIA LIMITED	BATAINDIA	550	275
3.	CANARA BANK	CANBK	5400	2700
4.	JINDAL STEEL & POWER LIMITED	JINDALSTEL	2500	1250
5.	UNITED SPIRITS LIMITED	MCDOWELL-N	1250	625
6.	NATIONAL ALUMINIUM COMPANY LIMITED	NATIONALUM	8500	4250
7.	NMDC LIMITED	NMDC	6700	3350
8.	OIL & NATURAL GAS CORPORATION LIMITED	ONGC	7700	3850
9.	PAGE INDUSTRIES LIMITED	PAGEIND	30	15
10.	TATA MOTORS LIMITED	TATAMOTORS	2850	1425
11.	TATA POWER COMPANY LIMITED	TATAPOWER	6750	3375
12.	VEDANTA LIMITED	VEDL	3100	1550

  Here are the 52 stock F&O contracts whose lot size will increase from July 2022 expiry dates onwards:

Sr. No.	Underlying Stock	F&O Symbol	Present Market Lot	Revised Market Lot
1	NESTLE INDIA LIMITED	NESTLEIND	25	40
2	ABBOTT INDIA LIMITED	ABBOTINDIA	25	40
3	COFORGE LIMITED	COFORGE	100	150
4	INDIAMART INTERMESH LIMITED	INDIAMART	75	150
5	DIVI’S LABORATORIES LIMITED	DIVISLAB	100	150
6	ORACLE FINANCIAL SERVICES SOFTWARE LIMITED	OFSS	125	200
7	ASIAN PAINTS LIMITED	ASIANPAINT	150	200
9	DR. LAL PATH LABS LTD.	LALPATHLAB	125	250
10	JK CEMENT LIMITED	JKCEMENT	175	250
11	HDFC ASSET MANAGEMENT COMPANY LIMITED	HDFCAMC	200	300
12	BALKRISHNA INDUSTRIES LIMITED	BALKRISIND	200	300
13	METROPOLIS HEALTHCARE LIMITED	METROPOLIS	200	300
14	INTERGLOBE AVIATION LIMITED	INDIGO	250	300
15	WHIRLPOOL OF INDIA LIMITED	WHIRLPOOL	250	350
16	DALMIA BHARAT LIMITED	DALBHARAT	250	500
17	UNITED BREWERIES LIMITED	UBL	350	400
18	MULTI COMMODITY EXCHANGE OF INDIA LIMITED	MCX	350	400
19	TATA COMMUNICATIONS LIMITED	TATACOMM	400	500
20	SHRIRAM TRANSPORT FINANCE COMPANY LIMITED	SRTRANSFIN	400	600
21	IPCA LABORATORIES LIMITED	IPCALAB	450	650
22	SBI CARDS AND PAYMENT SERVICES LIMITED	SBICARD	500	800
23	COROMANDEL INTERNATIONAL LIMITED	COROMANDEL	625	700
24	MAHANAGAR GAS LIMITED	MGL	600	800
25	TATA CONSUMER PRODUCTS LIMITED	TATACONSUM	675	900
26	GODREJ CONSUMER PRODUCTS LIMITED	GODREJCP	500	1000
27	BHARAT FORGE LIMITED	BHARATFORG	750	1000
28	AUROBINDO PHARMA LIMITED	AUROPHARMA	750	1000
29	CONTAINER CORPORATION OF INDIA LIMITED	CONCOR	800	1000
30	WIPRO LIMITED	WIPRO	800	1000
31	SYNGENE INTERNATIONAL LIMITED	SYNGENE	850	1000
32	MARICO LIMITED	MARICO	1000	1200
33	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	ICICIPRULI	750	1500
34	CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED	CROMPTON	1100	1500
35	ZYDUS LIFESCIENCES LIMITED	ZYDUSLIFE	1100	1800
36	STRIDES PHARMA SCIENCE LIMITED	STAR	900	1800
37	GRANULES INDIA LIMITED	GRANULES	1550	2000
38	AMBUJA CEMENTS LIMITED	AMBUJACEM	1500	1800
39	GUJARAT STATE PETRONET LIMITED	GSPL	1700	2500
40	RAIN INDUSTRIES LIMITED	RAIN	2500	3500
41	APOLLO TYRES LIMITED	APOLLOTYRE	2500	3500
42	INDIABULLS HOUSING FINANCE LIMITED	IBULHSGFIN	3100	4000
43	MOTHERSON SUMI SYSTEMS LIMITED	MOTHERSUMI	3500	4500
44	RBL BANK LIMITED	RBLBANK	2900	5000
45	FIRSTSOURCE SOLUTIONS LIMITED	FSL	2600	5200
46	CITY UNION BANK LIMITED	CUB	3400	5000
47	MANAPPURAM FINANCE LIMITED	MANAPPURAM	3000	6000
48	ASHOK LEYLAND LIMITED	ASHOKLEY	4500	5000
49	ADITYA BIRLA CAPITAL LIMITED	ABCAPITAL	4400	5400
50	STEEL AUTHORITY OF INDIA LIMITED	SAIL	4750	6000
51	IDFC FIRST BANK LIMITED	IDFCFIRSTB	11100	15000
52	NBCC (INDIA) LIMITED	NBCC	12000	15000

Here are the 2 stock F&O contracts whose lot size will reduce but not in multiples of the old lot size:

Sr. No.	Underlying Stock	F&O Symbol	Present Market Lot	Revised Market Lot
1	LARSEN & TOUBRO LIMITED	LT	575	300
2	POWER GRID CORPORATION OF INDIA LIMITED	POWERGRID	5333	2700

  Keep in mind:

• Due to a stock split, the existing lot size for Jubilant Foods was revised to 625 from 125.  The lot size will be revised to 1250 from 625 for July 2022 expiry date onwards. Refer to the Exchange announcement here: LINK.
• The lot size for 133 stock F&O contracts will remain unchanged. Refer to the Exchange announcement here: LINK.

As per a Government of India circular dated 30th March 2022, you need to link your PAN to your Aadhaar before 31st March, 2023 now. Earlier the deadline for the same was 31st March 2022. However, the government has now extended this deadline to 31st March 2023. If you do not link your PAN to your Aadhaar before this date, you may not be allowed to trade from 1st April, 2023 onwards and your PAN shall be considered as invalid. We have now unblocked your account and you can now access it for trades and investments, To link your PAN to your Aadhaar card, visit Income Tax Portal Steps on linking PAN to Aadhaar: Link Aadhaar User Manual | Income Tax Department  Tap here to know more: NSE

As per the Exchange circular dated 9th March 2022, you need to link PAN to your Aadhaar before 31st March, 2022. If you do not link your PAN to your Aadhaar:

1. You will not be allowed to trade from 1st April, 2022 onwards and your PAN will be considered as invalid.  
2. Additionally, you will not be able to place any fresh orders, but you will only be able to exit/ square-off any open positions till 30th March 2022.

To link your PAN to your Aadhaar card, click here Steps on linking PAN to Aadhaar: Link Aadhaar User Manual | Income Tax Department  To know more, click here: NSE, MCX, BSE     

Motherson Sumi Systems Limited (MOTHERSUMI) declared to the Exchange the issuance and allotment of 1 equity share of Re. 1 each of Motherson Sumi Wiring India Limited for every 1 equity share of Re. 1 each to shareholders of Motherson Sumi Systems Limited. The record date for the purpose of determining shareholders who will be applicable for this is 17th January 2022. Due to this corporate action, keep in mind the following impact on your F&O contracts 1. All existing contracts in the underlying MOTHERSUMI i.e. contracts with expiry dates 27th January, 2022, 24th February, 2022 and 31st March, 2022 shall expire on 13th January 2022. 2. The settlement methodology will be communicated separately by the Clearing Corporations 3. F&O contracts on MOTHERSUMI (with expiry 27th January, 2022, 24th February, 2022 and 31st March, 2022) will be introduced again from ex-date 14th January, 2022. 4. The list of option strikes from which specific strike prices would be made available for trading on 14th January, 2022 will be communicated through a separate circular to be issued on 13th January, 2022 aftermarket hours. 5. You need to maintain the full value of the MOTHERSUMI position contract if you wish to take physical delivery of shares. 6. No fresh position will be allowed under the F&O segment in MOTHERSUMI on 12th January 2022 & 13th January 2022 7. MOTHERSUMI positions with insufficient fund value or stock (in case of short position) will be squared off anytime after 11:00 AM on 13th January 2022 on best effort basis. 8. Delivery margins would be applicable on your MOTHERSUMI Long ITM stock options position(s) from 11th January 2022 as per the Exchange settlement mechanism Hence, to avoid penalties due to shortage, maintain sufficient funds by EOD daily till 13th January 2022. For more details, refer to the circular here.

As per a recent update, all RIL partly paid-up equity shareholders as on record date 10th Nov’21 need to pay the second & final call of ₹628.50 per partly paid-up equity share between 15th Nov’21 to 29th Nov’21 (both days included). If they do not wish to pay this amount then they can sell their partly paid-up equity shares by 8th Nov’21 as the shares will be delisted after this date. How to make the payment of ₹628.50 per partly paid-up equity share? You can make the payment online or offline after the window to pay the second and final call opens on 15th Nov’21. We will update you on the process once the window opens. What happens in case of a delayed or non-payment of ₹628.50 per partly paid-up equity share? As RIL partly paid-up equity shares will delist after 8th Nov’21 if you delay your payment or do not pay ₹628.50 per partly paid-up equity share, your rights to existing partly paid-up equity shares including the amount already paid will be forfeited. What are partly paid-up equity shares? These are shares in a company which have only been partially paid for and as the company requires more funds, calls are made from time to time from the holder of such partly paid-up shares until the shares are fully paid-up. Once fully paid-up no further call would be made towards such shares. For more information, you can refer to the company circular here: https://www.bseindia.com/xml-data/corpfiling/AttachHis/135a796c-4ef0-4851-a3f3-b552eeb4b101.pdf  Stay tuned for more updates from Upstox! 

Mr. Subhash Chander Khaneja has made an offer to buy-back up to 15,25,808  equity shares of Integrated Financial Services Ltd. at a floor price of Rs. 32.54  per equity shares through a reverse book-building process (delisting of shares). You can apply for this offer at the floor price or above it, between 19th May 2021 to 25th May 2021. Read on to know how you can apply for this offer quickly and easily -   What is a reverse book-building process (delisting of shares)? A company can delist its shares through a buy-back using the reverse book building process. In this process, the company captures sell orders online from shareholders at various prices, above or equal to the floor price. And once the offer window closes the buy-back price is determined. To know more about this click here. What does this offer mean for Integrated Financial Services Ltd. shareholders? Reverse book-building or delisting of shares gives existing shareholders a chance to offer their shares at or above the floor price, through an online bidding system. This means existing shareholders of Integrated Financial Services Ltd.  can opt to sell their shares at a price higher or equal to Rs. 32.54. How to apply for a delisting? Just follow these steps:

1. Login into keystone.upstox.com with your client code and back-office password
2. Click on “Account” on the top of the header line
3. Click on “Buy Back/ Takeover” from the drop-down
4. Click on “Apply” and enter the quantity
5. Submit the request

Note: Non-POA holders will need to enter a valid pin to authenticate the takeover via EDIS to proceed. When can you apply? Apply for this before 2 PM on 25th May 2021. What to keep in mind while applying?

• You shouldn’t sell these shares on or before 25th May 2021 if you’re interested to take part in this offer.
• After applying and offering your shares you cannot sell them in the market and modify or cancel your original bid.
• You can only sell these shares in the market If the company cancels the offer and you receive your shares back from the company.
• You will receive the offer amount for the shares from Integrated Financial Services Ltd./ Registrar & Transfer Agent (RTA) directly into your bank account (this will be updated in the records of the depository as well).
• A total of 15,25,808  shares will be accepted by Integrated Financial Services Ltd. for the buy-back and the remaining shares not accepted by Integrated Financial Services Ltd. will be returned back to shareholders in their Demat account. 
• Integrated Financial Services Ltd. will credit the payment for the accepted shares and the unaccepted shares will be returned to the user's Demat accounts within 10 days from the date of offer closure i.e. 25th May 2021.
• The percentage of shares accepted will be decided based on the number of retail investors who have applied for the offer.

That’s all about the Integrated Financial Services Ltd. delisting, stay tuned for more updates from Upstox! 

Majesco Limited. Takeover Aurum Platz IT Private Limited has decided to acquire (takeover) up to 74,43,720 equity shares of Majesco Limited at a price of Rs. 77 per equity shares between 20th May 2021 to 3rd June 2021. Read on to know how you can apply for it quickly and easily -   What is a takeover and why should you opt for it? It’s a corporate action where a company or group of companies offers to buy or acquire shares of another company in order to gain enough control in that company. In this case, Aurum Platz IT Private Limited has decided to acquire shares of Majesco Limited. To learn more about a takeover, click here. What does this offer mean for Majesco Limited shareholders? A takeover is usually done at a higher price than the market price, thus giving shareholders a chance to sell their shares at a higher price. Existing Majesco Limited shareholders holding Majesco Limited shares can offer to sell their shares for Rs. 77 per equity share by applying to this takeover offer before 2 PM on 3rd June 2021. How to apply for a takeover? Just follow these steps:  

1. Login into keystone.upstox.com with your client code and back-office password
2. Click on “Account” on the top of the header line
3. Click on “Buy Back/ Takeover” from the drop-down
4. Click on “Apply” and enter the quantity
5. Submit the request

Note: Non-POA holders will need to enter a valid pin to authenticate the takeover via EDIS to proceed. When can you apply? Apply for this takeover before 2 PM on 3rd June 2021. What to keep in mind while applying?

• You shouldn’t sell these shares on or before 3rd June 2021 if you’re interested to take part in the takeover offer.
• After applying and offering your shares up for a takeover, you cannot sell them in the market and modify or cancel your original bid.
• You can only sell these shares in the market If the company cancels the takeover and you receive your shares back from the company.
• You will receive the takeover amount for the shares from Majesco Limited/ Registrar & Transfer Agent (RTA) directly into your bank account (this will be updated in the records of the depository as well).
• A total of 74,43,720 shares will be accepted by Majesco Limited for the takeover and the remaining shares not accepted by Majesco Limited  will be returned back to shareholders in their Demat account. 
• Majesco Limited  will credit the payment for the accepted shares and the unaccepted shares will be returned to the user's Demat accounts within 10 days from the date of offer closure i.e. 3rd June 2021.
• The percentage of shares accepted will be decided based on the number of retail investors who have applied for the takeover.

That’s all about the Majesco Limited takeover, stay tuned for more takeover updates from Upstox! 

The SIS Ltd. buy-back offer of Rs. 550 per share is LIVE on the Upstox platform till 27th May 2021. Read on to know what this means and how you can apply for it quickly and easily -   What is a buy-back and why should you opt for it? It’s a corporate action where a company offers to buy-back its shares from the existing shareholders usually at a higher price than the market price. To learn more about a buy-back, click here. What does this offer mean for SIS Ltd. shareholders? Existing SIS Ltd. shareholders holding SIS Ltd. as of 9th April 2021 (which is the Record date) can offer to sell their shares back to SIS Ltd. for Rs. 550 per share by applying to their buy-back offer on or before 27th May 2021. How to apply for a buy-back? Just follow these steps:

1. Login into keystone.upstox.com with your Upstox User ID and password
2. Click on “Account” on the top of the header line
3. Click on “Buy Back/ Takeover” from the drop-down
4. Click on “Apply” and enter the quantity
5. Submit the request

Note: Non-POA holders will need to enter a valid pin to authenticate the buy-back via EDIS to proceed. When can you apply? Apply for this buy-back on or before 27th May 2021. What to keep in mind while applying?

• You can only apply for this buy-back if you hold shares of SIS Ltd. in your Demat account as on  9th April 2021.
• You shouldn’t sell these shares on or before 27th May 2021 if you’re interested to take part in the buy-back offer.
• After applying and offering your shares up for a buy-back, you cannot sell them in the market and modify or cancel your original bid.
• You can only sell these shares in the market If the company cancels the buy-back and you receive your shares back from the company.
• You will receive the buy-back amount for the shares from SIS Ltd. / Registrar & Transfer Agent (RTA) directly into your bank account (this will be updated in the records of the depository as well).
• A total of 18,18,181 shares will be accepted by SIS Ltd. for the buyback and the remaining shares not accepted by SIS Ltd. will be returned back to shareholders in their Demat account. The percentage of shares accepted will be decided based on the number of retail investors who have applied for the buyback. 

That’s all about the SIS Ltd. buy-back, stay tuned for more buy-back updates from Upstox! 

We’ve brought back Cover Orders (CO) for Intraday Equity and Futures trading. You can even avail up to 5x margins on such orders. Read on to know more. What is a Cover Order (CO)? This is a special order type that is a combination of a market/limit order and a stop-loss order. It has 2 legs: the first leg is always a limit/market order and the second leg is a stop-loss order. In case the 1st leg is a buy (market/limit) order then your second leg would be a sell (stop-loss) order. In case the 1st leg is a sell (market/limit) order then your second leg would be a buy (stop-loss) order.  Both orders are interconnected. The order can be modified up to the last traded price (LTP) in the case of a favorable market movement. What are the benefits of placing such an order? Cover orders have a major advantage in terms of the margin you get for placing that trade. Currently you can avail up to 5x margins on Equities and 2x on Futures CO. To know more about our margins click here. Just like all Intraday orders auto square off for cover orders takes place at 3:00 PM. How to place a CO on Upstox? To place a CO for Intraday Equities and Futures trading, you’ll need to select ‘CO’ under ‘Order Complexity’ from the order entry screen. You will need to enter the Limit Price and the Stop-Loss price while placing a CO. Make the most of this update while trading and limit your losses! 

The GAIL (Gas Authority of India Ltd.) buy-back offer of Rs. 150 per share goes live on 25th February 2021 and you can apply for it before 10th March 2021. Read on to know what this means and how you can apply for it quickly and easily - What is a buy-back and why should you opt for it? It’s a corporate action where a company offers to buy-back its shares from the existing shareholders usually at a higher price than the market price. To learn more about a buy-back, click here. What does this offer mean for GAIL shareholders? Existing shareholders holding GAIL shares as of 28th January 2021 (which is the Record date) can sell their shares back to GAIL for Rs. 150 per share by applying to their buy-back offer on or before 3 PM on 10th March 2021. How to apply for a buy-back? Just follow these steps:

1. Login into keystone.upstox.com with your client code and back-office password
2. Click on “Account” at the top of the header line
3. Click on “Buy Back/ Takeover” from the drop-down
4. Click on “Apply” and enter the quantity
5. Submit the request

Note: Non-POA holders will need to enter a valid pin to authenticate the buy-back via e-DIS to proceed. When can you apply? Apply for this buy-back on or before 10th March 2021. To know more about the application procedure, read the circular here. What to keep in mind while applying?

1. You can only apply for this buy-back if you hold shares of GAIL in your Demat account as of 28th January 2021.
2. After applying and offering your shares up for a buy-back, you cannot sell them in the market and modify or cancel your original bid.
3. You can only sell these shares in the market If the company cancels the buy-back and you receive your shares back from the company.
4. You will receive the buy-back amount for the shares from GAIL / Registrar & Transfer Agent (RTA) directly into your bank account (this will be updated in the records of the depository as well).
5. A total of 6,97,56,641 shares will be accepted by GAIL for the buyback and the remaining shares not accepted by GAIL will be returned back to shareholders in their Demat account. The percentage of shares accepted will be decided based on the number of retail investors who have applied for the buyback.

That’s all about the GAIL buy-back, stay tuned for more buy-back updates from Upstox!

The Wipro buy-back offer of Rs. 400 per share goes live on 29th December 2020 and you can apply for it on or before 11th January 2021. Read on to know what this means and how you can apply for it quickly and easily - What is a buy-back and why should you opt for it? It’s a corporate action where a company offers to buy-back its shares from the existing shareholders usually at a higher price than the market price. To learn more about a buy-back, click here. What does this offer mean for Wipro shareholders? Existing Wipro shareholders holding Wipro shares as of 11th December 2020 (which is the Record date) can offer to sell their shares back to Wipro for Rs. 400 per share by applying to their buy-back offer on or before 11th January 2021. How to apply for a buy-back? Just follow these steps: 1. Login into keystone.upstox.com with your client code and back-office password 2. Click on “Account” on the top of the header line 3. Click on “Buy Back/ Takeover” from the drop-down 4. Click on “Apply” and enter the quantity 5. Submit the request Note: Non-POA holders will need to enter a valid pin to authenticate the buy-back via EDIS to proceed. When can you apply? Apply for this buy-back on or before 11th January 2021. What to keep in mind while applying? 1. You can only apply for this buy-back if you hold shares of Wipro in your Demat account as of 11th December 2020. 2. You shouldn’t sell these shares on or before 11th January 2021 if you’re interested to take part in the buy-back offer. 3. After applying and offering your shares up for a buy-back, you cannot sell them in the market and modify or cancel your original bid. 4. You can only sell these shares in the market If the company cancels the buy-back and you receive your shares back from the company. 5. You will receive the buy-back amount for the shares from Wipro / Registrar & Transfer Agent (RTA) directly into your bank account (this will be updated in the records of the depository as well). 6. A total of 23,75,00,000 shares will be accepted by Wipro for the buyback and the remaining shares not accepted by Wipro will be returned back to shareholders in their Demat account. The percentage of shares accepted will be decided based on the number of retail investors who have applied for the buyback.  That’s all about the Wipro buy-back, stay tuned for more buy-back updates from Upstox!

The TCS (Tata Consultancy Services) buy-back offer of Rs. 3000 per share opens on 18th December 2020 and closes on 1st January 2021. Read on to know how you can apply for it quickly and easily - What is a buy-back and why should you opt for it? It’s a corporate action where a company offers to buy-back its shares from the existing shareholders usually at a higher price than the market price. To learn more about a buy-back, click here. What does this offer mean for TCS shareholders? Existing TCS shareholders holding TCS shares as of 28th November 2020 (which is the Record date) can offer to sell their shares back to TCS for Rs. 3000 per share by applying to their buy-back offer on or before 1st January 2021. How to apply for a buy-back? Just follow these steps:

1. Login into keystone.upstox.com with your client code and back-office password
2. Click on “Account” on the top of the header line
3. Click on “Buy Back/ Turnover” from the drop-down
4. Click on “Apply” and enter the quantity
5. Submit the request

Note: Non-POA holders will need to enter a valid pin to authenticate the buy-back via EDIS to proceed. When can you apply? Apply for this buy-back before 1st January 2021.   What to keep in mind while applying?

1. You can only apply for this buy-back if you hold shares of TCS in your Demat account as of 28th November 2020.
2. You shouldn’t sell these shares on or before 1st January 2021 if you’re interested to take part in the buy-back offer.
3. After applying and offering your shares up for a buy-back, you cannot sell them in the market and modify or cancel your original bid.
4. You can only sell these shares in the market If the company cancels the buy-back and you receive your shares back from the company.
5. You will receive the buy-back amount for the shares from TCS/ Registrar & Transfer Agent (RTA) directly into your bank account (this will be updated in the records of the depository as well).
6. A total of 5,33,33,333 shares will be accepted by TCS for the buyback and the remaining shares not accepted by TCS will be returned back to shareholders in their Demat account. On 12.01.2021 TCS will credit the payment for the accepted shares and the unaccepted shares will be returned to the user's demat accounts. The percentage of shares accepted will be decided based on the number of retail investors who have applied for the buyback.

That’s all about the TCS buy-back, stay tuned for more buy-back updates from Upstox! 

The deadline to apply for the NTPC (National Thermal Power Corporation) buy-back offer of Rs. 115 per share is 18th December 2020 before 2 PM. Read on to know what this means and how you can apply for it quickly and easily - What is a buy-back and why should you opt for it? It’s a corporate action where a company offers to buy-back its shares from the existing shareholders usually at a higher price than the market price. To learn more about a buy-back, click here. What does this offer mean for NTPC shareholders? Existing NTPC shareholders holding NTPC shares as of 13th November 2020 (which is the Record date) can offer to sell their shares back to NTPC for Rs. 115 per share by applying to their buy-back offer on or before 18th December 2020, 2 PM. How to apply for a buy-back? Just follow these steps:  1. Login into keystone.upstox.com with your client code and back-office password 2. Click on “Account” on the top of the header line 3. Click on “Buy Back/ Turnover” from the drop-down 4. Click on “Apply” and enter the quantity 5. Submit the request Note: Non-POA holders will need to enter a valid pin to authenticate the buy-back via EDIS to proceed. When can you apply? Apply for this buy-back by 18th December 2020, 2 PM. What to keep in mind while applying?

• You can only apply for this buy-back if you hold shares of NTPC in your Demat account as of 13th November 2020. 
• You shouldn’t sell these shares on or before 18th December 2020 if you’re interested to take part in the buy-back offer.
• After applying and offering your shares up for a buy-back, you cannot sell them in the market and modify or cancel your original bid.
• You can only sell these shares in the market If the company cancels the buy-back and you receive your shares back from the company.
• You will receive the buy-back amount for the shares from NTPC / Registrar & Transfer Agent (RTA) directly into your bank account (this will be updated in the records of the depository as well).
• A total of 19,78,91,146 shares will be accepted by NTPC for the buyback and the remaining shares not accepted by NTPC will be returned back to shareholders in their Demat account. The percentage of shares accepted will be decided based on the number of retail investors who have applied for the buyback. 

That’s all about the NTPC buy-back, stay tuned for more buy-back updates from Upstox! 

Wipro has declared a buy-back of its shares at Rs 400 and we’ve simplified the next steps for you!    What is a buy-back and why should you opt for it? It’s a corporate action where a company offers to buy-back its shares from the existing shareholders usually at a higher price than the market price. To learn more about a buy-back, click here. What does this offer mean for Wipro shareholders? Existing shareholders holding Wipro shares as on 11th December, 2020 (which is the Record date) can sell their shares back to Wipro for Rs. 400 by applying to their buy-back offer. Those who do not hold Wipro shares, can buy them by 9th December, 2020 at the current market price, to be eligible to apply for this buy-back. How to apply for a buy-back? Just follow these steps:  

1. Login into keystone.upstox.com with your client code and backoffice password
2. Click on “Account” on the top of the header line
3. Click on “Buy Back/ Turnover” from the drop down
4. Click on “Apply” and enter the quantity
5. Submit the request 

Note: Non-POA holders will need to enter a valid pin to authenticate the buy-back via EDIS to proceed. When can you apply? The buy-back offer is yet not open for bidding. To know more about the application procedure, read the circular here. What to keep in mind while applying?

• You can only apply for this buy-back if you hold shares of Wipro in your demat account as on 11th December, 2020. In case you don’t hold them, your last date to buy them and be eligible for the buy-back is today, 9th December, 2020.
• You shouldn’t sell these shares on 10th or 11th December, 2020 if you’re interested to take part in the buy-back offer.
• After applying and offering your shares up for a buy-back, you cannot sell them in the market and modify or cancel your original bid.
• You can only sell these shares in the market If the company cancels the buy-back and you receive your shares back from the company.
• You will receive the buy-back amount for the shares from Wipro / Registrar & Transfer Agent (RTA) directly into your bank account (this will be updated in the records of the depository as well).
• All shares offered to Wipro for the buy-back might not be accepted. The number of shares that will be accepted will only be decided after the offer window closes. Those shares that are offered but not accepted by Wipro will be returned back to you in your Demat account.

That’s all about the Wipro buy-back! We will keep you updated on more info related to this offer, stay tuned. Happy Trading, Team Upstox.

On account of the RBI policy, all Bank Nifty Options Cover Orders (CO) will be blocked for today, 4th December 2020. However, you can place fresh CO from Monday, 7th December 2020. Kindly plan your trades accordingly.

Intraday orders for MCX are now active. You can now place intraday orders for all MCX commodities except for CRUDEOIL.

Only DELIVERY orders will be accepted today. Intraday products (MIS/OCO/CO) across all segments will remain unavailable and all intraday orders placed will be rejected.