TCS Buyback 2022 announced on 12 Jan 2022. The TCS buyback to start from 09 March 2022 and closes on 23 March 2022. The Company will do Buyback with equity of 4,00,00,000 Equity Shares around 1.08% of Face Value ₹1/ Each Fully paid off at a Price Of Rs. ₹4500/- Per Equity. The size of this Buyback is ₹18,000 Crores. And this will be done through a Buyback Tender Offer.
Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) services and consulting company headquarteres in Mumbai, Maharashtra, India. with its largest campus located in Chennai, Tamil Nadu, India. TCS is the largest IT services company in the world by market capitalisation ($200 billion). It is a subsidiary of the Tata Group and operates in 149 locations across 46 countries.
TCS operate on a global scale, with diverse talent base of over 556,986 associates (including subsidiaries) representing 156 nationalities, across 46 countries as of 31-Dec-2021. We are one of the largest employers of women with 36% women employees.
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The Company recognized as a Global Top Employer by the Top Employers Institute – one of eight organizations worldwide to have achieved this status. In its assessment of 1,072 companies worldwide in 2016, the Top Employers Institute rated TCS as an exceptional performer across nine core Human Resources (HR) areas: talent strategy, workforce planning, on-boarding, learning and development, performance management, leadership development, career and succession management, compensation and benefits and company culture.
TCS Buyback Review :
■ Apply
TCS Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Tender Offer |
| Buyback Record Date | 23 Feb 2022 |
| Buyback Offer Amount | ₹18,000 Cr |
| Date of Board Meeting approving the proposal | 12 Jan 2022 |
| Date of Public Announcement | 12 Jan 2022 |
| Buyback Offer Size | 1.08% |
| Buyback Number of Shares | 4,00,00,000 |
| Price Type | Tender Offer |
| Face Value | ₹1/- Rs. |
| Buyback Price | ₹4500/- per share. |
TCS Buyback 2022 Important Dates :
We have covered all important dates related to “TCS Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 12 Jan 2022 |
| Buyback Approval date | 12 Jan 2022 |
| Public Announcement Date | 12 Jan 2022 |
| Buyback Record Date | 23 Feb 2022 |
| Buyback Opening Date | 09 March 2022 |
| Buyback Closing Date | 23 March 2022 |
TCS Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
|---|---|---|---|
| 2021-3M | ₹46,132 | ₹33,969 | ₹9,031 |
| 2021 | ₹167,311 | ₹121,696 | ₹32,562 |
| 2020 | ₹161,541 | ₹118,369 | ₹32,447 |
| 2019 | ₹150,774 | ₹109,013 | ₹31,562 |
TCS Buyback Acceptance Ratio :
The investor should buy around 56 shares at a current market price of ₹3563.80 of the record date 23 Feb 2022. The calculation will be Rs.2,00,000 / 4500 buyback price = 44 shares.
| Acceptance Ratio | Investment | Share Buyback | Profit |
|---|---|---|---|
| 33% | ₹66,000 | 15 | ₹14,013 |
| 50% | ₹100,000 | 22 | ₹20,596 |
| 75% | ₹150,000 | 39 | ₹36,512 |
| 100% | ₹200,000 | 44 | ₹41,193 |
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Quick Links :
■ Buyback Public Announcement Link
■ Letter Of Offer
■ Application Form
Registrar of The Buyback :
Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai 400 083
Tel: +91 22 4918 6300
Fax: +91 22 4918 6195
E-mail: [email protected],
Website: www.linkintime.co.in
Manager of The Buyback :
JM Financial Limited
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi, Mumbai – 400 025,
Maharashtra, India
Tel: +91 22 6630 3030
Fax: +91 22 6630 3330
E-mail: [email protected],
Website: www.jmfl.com
Company Address :
Tata Consultancy Services Limited
9th Floor Nirmal Building Nariman Point
Mumbai 400 021
Tel 91 22 6778 9595
Fax 91 22 6778 9660
E-mail [email protected]
website www.tcs.com
How to Participate in TCS Ltd buyback?
The Investors are eligible for the buyback scheme who have TCS shares in their Demat account as the Record date is 23 Feb 2022 as the offer is tender offer. 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.
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TCS Buyback 2022 FAQs:
When is TCS Buyback Announcement Date?
TCS buyback 2022 announcement date is 12 Jan 2022.
When is TCS Buyback Open Date?
TCS buyback Open date is 09 March 2022.
When is TCS Buyback Close Date?
TCS buyback Close date is 23 March 2022.
When is TCS Buyback Record Date?
TCS buyback Record date is 23 Feb 2022 as the offer is Tender Offer.
What is TCS Buyback Price?
TCS company has fixed the price at ₹4500 per share.
What is TCS Buyback Offer Size?
TCS company Buyback Offer Size is ₹18,000 Cr.
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.
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