diff --git a/src/app/shares/shares-account-actions/apply-shares/apply-shares.component.ts b/src/app/shares/shares-account-actions/apply-shares/apply-shares.component.ts
index c2bd9933c..761cf9ad9 100644
--- a/src/app/shares/shares-account-actions/apply-shares/apply-shares.component.ts
+++ b/src/app/shares/shares-account-actions/apply-shares/apply-shares.component.ts
@@ -1,5 +1,5 @@
 /** Angular Imports */
-import { Component, OnInit, Input } from '@angular/core';
+import { Component, OnInit } from '@angular/core';
 import { FormGroup, FormBuilder, Validators } from '@angular/forms';
 import { DatePipe } from '@angular/common';
 import { ActivatedRoute, Router } from '@angular/router';
@@ -8,7 +8,7 @@ import { ActivatedRoute, Router } from '@angular/router';
 import { SharesService } from 'app/shares/shares.service';
 
 /**
- * App;y Shares Component
+ * Apply Shares Component
  */
 @Component({
   selector: 'mifosx-apply-shares',
@@ -17,7 +17,6 @@ import { SharesService } from 'app/shares/shares.service';
 })
 export class ApplySharesComponent implements OnInit {
 
-
   /** Minimum date allowed. */
   minDate = new Date(2000, 0, 1);
   /** Maximum date allowed. */
@@ -26,8 +25,6 @@ export class ApplySharesComponent implements OnInit {
   applySharesForm: FormGroup;
   /** Shares Account Id */
   accountId: any;
-  /** Unit Price */
-  unitPrice: any;
 
   /**
    * @param {FormBuilder} formBuilder Form Builder
@@ -81,7 +78,7 @@ export class ApplySharesComponent implements OnInit {
     });
     const data = {
       ...this.applySharesForm.value,
-      unitPrice: this.unitPrice,
+      unitPrice: this.applySharesForm.get('unitPrice').value,
       dateFormat,
       locale
     };
diff --git a/src/app/shares/shares-account-actions/redeem-shares/redeem-shares.component.html b/src/app/shares/shares-account-actions/redeem-shares/redeem-shares.component.html
new file mode 100644
index 000000000..bafbf681c
--- /dev/null
+++ b/src/app/shares/shares-account-actions/redeem-shares/redeem-shares.component.html
@@ -0,0 +1,47 @@
+<div class="container">
+
+  <mat-card>
+
+    <form [formGroup]="redeemSharesForm" (ngSubmit)="submit()">
+
+      <mat-card-content>
+
+        <div fxLayout="column">
+
+          <mat-form-field>
+            <mat-label>Request Date</mat-label>
+            <input matInput [min]="minDate" [max]="maxDate" [matDatepicker]="requestedDatePicker" required formControlName="requestedDate">
+            <mat-datepicker-toggle matSuffix [for]="requestedDatePicker"></mat-datepicker-toggle>
+            <mat-datepicker #requestedDatePicker></mat-datepicker>
+            <mat-error *ngIf="redeemSharesForm.controls.requestedDate.hasError('required')">
+              Request Date is <strong>required</strong>
+            </mat-error>
+          </mat-form-field>
+
+          <mat-form-field>
+            <mat-label>Total No. of Shares</mat-label>
+            <input matInput required formControlName="requestedShares">
+            <mat-error *ngIf="redeemSharesForm.controls.requestedShares.hasError('required')">
+              Requested Shares is <strong>required</strong>
+            </mat-error>
+          </mat-form-field>
+
+          <mat-form-field>
+            <mat-label>Today's Price</mat-label>
+            <input matInput required formControlName="unitPrice">
+          </mat-form-field>
+
+        </div>
+
+      </mat-card-content>
+
+      <mat-card-actions fxLayout="row" fxLayout.xs="column" fxLayoutAlign="center" fxLayoutGap="5px">
+        <button type="button" mat-raised-button [routerLink]="['../../']">Cancel</button>
+        <button mat-raised-button color="warn" [disabled]="!redeemSharesForm.valid">Confirm</button>
+      </mat-card-actions>
+
+    </form>
+
+  </mat-card>
+
+</div>
diff --git a/src/app/shares/shares-account-actions/redeem-shares/redeem-shares.component.scss b/src/app/shares/shares-account-actions/redeem-shares/redeem-shares.component.scss
new file mode 100644
index 000000000..d774f68da
--- /dev/null
+++ b/src/app/shares/shares-account-actions/redeem-shares/redeem-shares.component.scss
@@ -0,0 +1,3 @@
+.container {
+  max-width: 37rem;
+}
diff --git a/src/app/shares/shares-account-actions/redeem-shares/redeem-shares.component.spec.ts b/src/app/shares/shares-account-actions/redeem-shares/redeem-shares.component.spec.ts
new file mode 100644
index 000000000..33cc82d1e
--- /dev/null
+++ b/src/app/shares/shares-account-actions/redeem-shares/redeem-shares.component.spec.ts
@@ -0,0 +1,25 @@
+import { async, ComponentFixture, TestBed } from '@angular/core/testing';
+
+import { RedeemSharesComponent } from './redeem-shares.component';
+
+describe('RedeemSharesComponent', () => {
+  let component: RedeemSharesComponent;
+  let fixture: ComponentFixture<RedeemSharesComponent>;
+
+  beforeEach(async(() => {
+    TestBed.configureTestingModule({
+      declarations: [ RedeemSharesComponent ]
+    })
+    .compileComponents();
+  }));
+
+  beforeEach(() => {
+    fixture = TestBed.createComponent(RedeemSharesComponent);
+    component = fixture.componentInstance;
+    fixture.detectChanges();
+  });
+
+  it('should create', () => {
+    expect(component).toBeTruthy();
+  });
+});
diff --git a/src/app/shares/shares-account-actions/redeem-shares/redeem-shares.component.ts b/src/app/shares/shares-account-actions/redeem-shares/redeem-shares.component.ts
new file mode 100644
index 000000000..77d1bbefb
--- /dev/null
+++ b/src/app/shares/shares-account-actions/redeem-shares/redeem-shares.component.ts
@@ -0,0 +1,90 @@
+/** Angular Imports */
+import { Component, OnInit } from '@angular/core';
+import { FormGroup, FormBuilder, Validators } from '@angular/forms';
+import { DatePipe } from '@angular/common';
+import { ActivatedRoute, Router } from '@angular/router';
+
+/** Custom Services */
+import { SharesService } from 'app/shares/shares.service';
+
+/**
+ * Redeem Shares Component
+ */
+@Component({
+  selector: 'mifosx-redeem-shares',
+  templateUrl: './redeem-shares.component.html',
+  styleUrls: ['./redeem-shares.component.scss']
+})
+export class RedeemSharesComponent implements OnInit {
+
+  /** Minimum date allowed. */
+  minDate = new Date(2000, 0, 1);
+  /** Maximum date allowed. */
+  maxDate = new Date();
+  /** Redeem Share Account form. */
+  redeemSharesForm: FormGroup;
+  /** Shares Account Id */
+  accountId: any;
+
+  /**
+   * @param {FormBuilder} formBuilder Form Builder
+   * @param {SharesService} sharesService Shares Service
+   * @param {DatePipe} datePipe Date Pipe
+   * @param {ActivatedRoute} route Activated Route
+   * @param {Router} router Router
+   */
+  constructor(private formBuilder: FormBuilder,
+              private sharesService: SharesService,
+              private datePipe: DatePipe,
+              private route: ActivatedRoute,
+              private router: Router) {
+    this.accountId = this.route.parent.snapshot.params['shareAccountId'];
+  }
+
+  /**
+   * Creates the apply shares form.
+   * Fetching data from service as action buttons malfunction
+   * in clients view upon using a common resolver.
+   */
+  ngOnInit() {
+    this.createRedeemSharesAccountForm();
+    this.sharesService.getSharesAccountData(this.accountId, false).subscribe((response: any) => {
+      this.redeemSharesForm.get('unitPrice').patchValue(response.currentMarketPrice || '');
+    });
+  }
+
+  /**
+   * Creates the apply shares form.
+   */
+  createRedeemSharesAccountForm() {
+    this.redeemSharesForm = this.formBuilder.group({
+      'requestedDate': ['', Validators.required],
+      'requestedShares': ['', Validators.required],
+      'unitPrice': [{value: '', disabled: true}]
+    });
+  }
+
+  /**
+   * Submits the form and applies additional shares to the share account,
+   * if successful redirects to the share account.
+   */
+  submit() {
+    // TODO: Update once language and date settings are setup
+    const locale = 'en';
+    const dateFormat = 'dd MMMM yyyy';
+    const prevRequestedDate: Date = this.redeemSharesForm.value.requestedDate;
+    this.redeemSharesForm.patchValue({
+      requestedDate: this.datePipe.transform(prevRequestedDate, dateFormat),
+    });
+    const data = {
+      ...this.redeemSharesForm.value,
+      unitPrice: this.redeemSharesForm.get('unitPrice').value,
+      dateFormat,
+      locale
+    };
+    this.sharesService.executeSharesAccountCommand(this.accountId, 'redeemshares', data).subscribe(() => {
+      this.router.navigate(['../../'], { relativeTo: this.route });
+    });
+  }
+
+}
diff --git a/src/app/shares/shares-account-actions/shares-account-actions.component.html b/src/app/shares/shares-account-actions/shares-account-actions.component.html
index fb446b5e4..01b31ba19 100644
--- a/src/app/shares/shares-account-actions/shares-account-actions.component.html
+++ b/src/app/shares/shares-account-actions/shares-account-actions.component.html
@@ -3,4 +3,5 @@
 <mifosx-close-shares-account *ngIf="actions['Close']"></mifosx-close-shares-account>
 <mifosx-activate-shares-account *ngIf="actions['Activate']"></mifosx-activate-shares-account>
 <mifosx-undo-approval-shares-account *ngIf="actions['Undo Approval']"></mifosx-undo-approval-shares-account>
-<mifosx-apply-shares *ngIf="actions['Apply Additional Shares']"></mifosx-apply-shares>
\ No newline at end of file
+<mifosx-apply-shares *ngIf="actions['Apply Additional Shares']"></mifosx-apply-shares>
+<mifosx-redeem-shares *ngIf="actions['Redeem Shares']"></mifosx-redeem-shares>
\ No newline at end of file
diff --git a/src/app/shares/shares-account-actions/shares-account-actions.component.ts b/src/app/shares/shares-account-actions/shares-account-actions.component.ts
index 818a61103..70bbbdf05 100644
--- a/src/app/shares/shares-account-actions/shares-account-actions.component.ts
+++ b/src/app/shares/shares-account-actions/shares-account-actions.component.ts
@@ -22,13 +22,15 @@ export class SharesAccountActionsComponent {
     'Activate': boolean
     'Undo Approval': boolean
     'Apply Additional Shares': boolean
+    'Redeem Shares': boolean
   } = {
     'Approve': false,
     'Reject': false,
     'Close': false,
     'Activate': false,
     'Undo Approval': false,
-    'Apply Additional Shares': false
+    'Apply Additional Shares': false,
+    'Redeem Shares': false
   };
 
   /**
diff --git a/src/app/shares/shares-account-view/shares-account-view.component.ts b/src/app/shares/shares-account-view/shares-account-view.component.ts
index 49202427f..52a1b83a3 100644
--- a/src/app/shares/shares-account-view/shares-account-view.component.ts
+++ b/src/app/shares/shares-account-view/shares-account-view.component.ts
@@ -88,6 +88,7 @@ export class SharesAccountViewComponent implements OnInit {
       case 'Activate':
       case 'Undo Approval':
       case 'Apply Additional Shares':
+      case 'Redeem Shares':
         this.router.navigate([`actions/${name}`], { relativeTo: this.route });
         break;
       case 'Modify Application':
diff --git a/src/app/shares/shares.module.ts b/src/app/shares/shares.module.ts
index 0058a8305..7240b3286 100644
--- a/src/app/shares/shares.module.ts
+++ b/src/app/shares/shares.module.ts
@@ -24,6 +24,7 @@ import { CloseSharesAccountComponent } from './shares-account-actions/close-shar
 import { ActivateSharesAccountComponent } from './shares-account-actions/activate-shares-account/activate-shares-account.component';
 import { UndoApprovalSharesAccountComponent } from './shares-account-actions/undo-approval-shares-account/undo-approval-shares-account.component';
 import { ApplySharesComponent } from './shares-account-actions/apply-shares/apply-shares.component';
+import { RedeemSharesComponent } from './shares-account-actions/redeem-shares/redeem-shares.component';
 
 /**
  * Shares Module
@@ -54,7 +55,8 @@ import { ApplySharesComponent } from './shares-account-actions/apply-shares/appl
     CloseSharesAccountComponent,
     ActivateSharesAccountComponent,
     UndoApprovalSharesAccountComponent,
-    ApplySharesComponent
+    ApplySharesComponent,
+    RedeemSharesComponent
   ],
   providers: [DatePipe]
 })