TCS Buyback 2023 announced on 11 October 2023. The TCS buyback will begin on 01 December 2023 and closes on 07 December 2023. The company will buy back approximately 4,09,63,855 equity shares, or approximately 1.12% of face value ₹1, at a price of ₹4150 per equity share. The size of this buyback is about ₹17000.00 crore and this will be done through a buyback on the 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.
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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. You can check also TCS Buyback 2022 here.
Necessity of the Issue :
- The current buyback is in line with the Company’s shareholders-friendly capital allocation practice of returning excess cash to the shareholders thereby increasing shareholder value in the longer term and improving the return on equity
TCS Buyback 2023 Offer Details :
| Event Name | Details |
| Buyback Type : | Tender Offer |
| Buyback Record Date : | 25 November 2023 |
| Buyback Offer Amount : | ₹17000 Cr |
| Buyback Offer Size : | 1.12% |
| Buyback Number of Shares : | 4,09,63,855 |
| Listing : | NSE, BSE |
| Face Value : | ₹1/ per share |
| Buyback Price : | ₹4150/- per share. |
TCS Buyback 2023 Dates :
We have covered all important dates related to “TCS Buyback 2023” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Buyback proposal Date : | 06 October 2023 |
| Buyback Approval Date : | 06 October 2023 |
| Public Announcement Date ; | 11 October 2023 |
| Last Date to buy shares : | 18 October 2023 |
| Buyback Record Date ; | 25 November 2023 |
| Buyback Opening Date : | 01 December 2023 |
| Buyback Closing Date : | 07 December 2023 |
TCS Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹225,458 | ₹166,199 | ₹56,907 |
| 2022 | ₹191,754 | ₹138,697 | ₹51,687 |
| 2021 | ₹164,177 | ₹117,631 | ₹43,760 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Manager of The Buyback :
■ JM Financial Limited
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 25 November 2023 as the offer is Tender Offer. Investors can participate in the TCS Buyback 2023 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.
How to apply for TCS buyback zerodha?
You can apply for the buyback, follow the steps below:
- Visit console.zerodha.com.
- Click on the context menu and then Portfolio.
- Click on Corporate actions.
- Click the Buybacks tab, tap on TCS and then Place order.
- Enter the quantity and tap on Submit.
How to apply for TCS buyback on Groww?
You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.
- Visit the official Groww website.
- Search TCS Buyback in the search option.
- You can see TCS buyback result in search option tap on the TCS buyback.
- You will reach the TCS buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for TCS buyback on upstox?
You can apply for the buyback, follow the few steps below:
- Login to the Upstox app using your 6-digit PIN or biometrics.
- Click on the Account Section on your right bottom corner (Applicable New upstox app).
- Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
- Select the TCS stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
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TCS Buyback 2023 FAQs:
When is TCS Buyback Announcement Date?
TCS buyback 2023 announcement date is 11 October 2023.
When is TCS Buyback Open Date?
TCS buyback Open date is 01 December 2023.
When is TCS Buyback Close Date?
TCS buyback Close date is 07 December 2023.
When is TCS Buyback Record Date?
TCS buyback 2023 Record date is 25 November 2023.
What is TCS Buyback Price?
TCS company has fixed the price at ₹4150 per share.
What is TCS Buyback Offer Size?
TCS company Buyback Offer Size is ₹17000 Cr.
How to apply for TCS Buyback 2023?
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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