Thursday, March 24, 2022

TCS Buyback Record Date 2022, Price, Eligibility, How to Apply & Acceptance Ratio

TCS (NSE: TCS, BSE: 532540) buyback was announced on 12 January 2022. The TCS buyback record date is 23 February 2022. The investor should buy the TCS shares on or before 21 February to get the eligibility for the buyback. TCS buyback acceptance ratio might be around 14% (Approx) as per the market speculations.

Tata Consultancy Services (TCS) is one of the leading IT Services and Consulting companies in India. They are a subsidiary of the "Tata Group" and operate in 149 locations across 46 countries. TCS is 2nd largest company in India among IT Services brands worldwide. TCS is included in the Fortune India 500 company list. TCS was founded in 1968 by Tata Sons, Headquarters in Mumbai. The company has over 5 lakh employees around the world. TCS Buyback aims are to Return excess cash to the shareholders, Increase shareholder's value in the long term, and Improve Return on Equity.

Eligibility Criteria for Investors in TCS Buyback 2022:
The TCS share price closed on 23 February 2022 at 3563.80 on NSE.  As per that small investors will be able to qualify for 56 shares (approx) as on the record date which is 23 February.

TCS Buyback Settlement Revised:

  • New Date for Intimation of Acceptance Ratio: 25 March (Previous 30 March)
  • New Settlement Date: 28 March against Earlier Date of 31 March

TCS Buyback Acceptance Ratio:

  • Reserved category for Small Shareholders:1 Share for every 7 Shares held on the Record Date
  • General category for all other Eligible Shareholders: 1 Share for every 108 Equity Shares held on the Record Date

TCS

    TCS  Buyback Record Date 2022 & Time Table

     Buyback Meeting Date:
     12 January 2022
     Buyback Announcement Date:  12 January 2022
     Buyback Record Date:  23 February 2022
     Buyback Open Date:  09 March 2022
     Buyback Close Date:
     23 March 2022
     Finalization of Buyback Acceptance:
     31 March 2022

    TCS Buyback 2022 Offer Details

     Offer Amount:  ₹18000 Crores
     Number of Shares:
     4,00,00,000 Shares
     Face Value:
     ₹1 per equity share
     Buyback Price:  ₹4500 per equity share
     Listing:  BSE & NSE
     Buyback Type:  Tender offer
    TCS buyback of 4,00,00,000 equity shares that are around 1.08% of all the existing number of equity shares at a price of ₹4500 per equity share. The buyback offers not to exceed ₹18000 crores of the total buyback offer size. TCS Buyback Acceptance Ratio will be around 14%.

    TCS Buyback Acceptance Ratio (Estimated)

    The investor should buy around 44 shares at a current market price of ₹3857. The calculation will be Rs.2,00,000 / 4500 buyback price = 44 shares.
    Acceptance Ratio Investment Shares Buyback Profit
    33% ₹171,422 159,645
    50% ₹171,422 22 14,146
    75% ₹171,422 3321,219
    100% ₹171,422 4428,292

    TCS Financial Report

      ₹ in Crores

    Revenue Expense PAT
    2019 ₹1,30,797 ₹88,376 ₹30,065
    2020 ₹1,39,388 ₹94,696 ₹33,260
    2021 ₹1,41,363 ₹97,408 ₹30,960

    TCS Buyback Eligibility & How to App;ly

    The investors are eligible for the buyback scheme who have TCS shares in their Demat account as the record date is 23 February 2022. Investors can participate in the TCS Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the TCS buyback scheme. The investors can participate in buyback via physical form or via your broker or Demat account by placing an order.

    Checkout Current TCS Shares market price on NSE and BSE: TCS Share Price Today
     

    TCS Buyback Registrar

    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Phone: +91-22-4918 6270
    Email: tcs.buyback2022@linkintime.co.in
    Website: https://linkintime.co.in/
     

    TCS Buyback Lead Managers

    • JM Financial Consultants Private Limited

    TCS Company Address

    Tata Consultancy Services
    9th Floor, Nirmal Building,
    Nariman Point,
    Mumbai - 400 021
    Phone: +91 22 6778 9696
    Email: investor.relations@tcs.com
    Website: https://www.tcs.com/

    TCS Buyback 2022 FAQs


    When is TCS Buyback Record Date?
    TCS buyback 2022 record date is 23 February 2022.

    When is TCS Buyback Announcement Date?
    TCS buyback 2022 announcement date is 12 January 2022.

    What is TCS Buyback Acceptance Ratio?
    TCS buyback Acceptance ratio will be around 14%.

    What is TCS Buyback Price?
    The company has fixed the price at ₹4500 per share.

    How to apply for TCS Buyback 2022?
    As per the record date you need to have TCS shares in your Demat account. You can participate in buyback after having the stock in your account.

    Note: If anything you want to know about the buyback offer you can refer to the TCS buyback offer documents.

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