TCS Buyback 2022 Record Date, Price, Eligibility, How to Apply

by

On January 12, 2022, TCS (NSE: TCS, BSE: 532540) announced a buyback. The record date for the buyback is February 23, 2022. To be eligible for the buyback, the investor must purchase TCS shares on or before February 21. According to market speculation, TCS’s buyback acceptance ratio could be around 14 percent (approximately).

Contents hide
1 Eligibility Criteria for Investors in TCS Buyback 2022:
2 TCS Buyback Acceptance Ratio:
3 TCS Buyback 2022 Offer Details
4 TCS Buyback Record Date 2022 & Time Table
5 TCS Buyback Acceptance Ratio (Estimated) | TCS Financial Report
6 TCS Buyback Eligibility | How to Apply
7 TCS Buyback Lead Managers
8 TCS Company Address
9 TCS Buyback 2022 FAQs
9.1 When is TCS Buyback Record Date?
9.2 When is TCS Buyback Announcement Date?
9.3 What is TCS Buyback Acceptance Ratio?
9.4 What is TCS Buyback Price?
9.5 How to apply for TCS Buyback 2022?
9.6 Share Buyback 2022

Tata Consultancy Services (TCS) is one of India’s leading IT services and consulting firms. They are a subsidiary of the “Tata Group” with 149 locations in 46 countries. TCS is India’s second largest company and one of the world’s largest IT services brands. TCS is a company on the Fortune India 500 list. Tata Sons established TCS in 1968, with headquarters in Mumbai. The company employs over 5 lakh people worldwide. TCS Buyback aims to return excess cash to shareholders, increase long-term shareholder value, and improve return on equity.

Eligibility Criteria for Investors in TCS Buyback 2022:

TCS’s share price on the NSE closed at 3563.80 on February 23, 2022. According to that, small investors will be able to qualify for 56 shares (approximately) as of the record date, which is February 23.

TCS Buyback Acceptance Ratio:

  • 0 Share for 1 – 6 Shares
  • 1 Share for 7 – 13 Shares
  • 2 Share for 14 – 20 Shares
  • 3 Share for 21 – 27 Shares
  • 4 Share for 28 – 34 Shares
  • 5 Share for 35 – 41 Shares
  • 6 Share for 42 – 48 Shares
  • 7 Share for 49 – 55 Shares
  • 8 Share for 56 Shares

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 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 buys back 4,00,00,000 equity shares, or about 1.08 percent of all existing equity shares, at a price of $4500 per equity share. The total size of the buyback offers cannot exceed 18000 crores. The TCS Buyback Acceptance Ratio will be around 14%.

TCS Buyback Acceptance Ratio (Estimated) | TCS Financial Report

At the current market price of 3857, the investor should purchase approximately 44 shares. The formula is Rs.2,000,000 / 4500 buyback price = 44 shares.

Acceptance Ratio Investment Shares Buyback Profit
33% ₹171,422 15 ₹9,645
50% ₹171,422 22 ₹14,146
75% ₹171,422 33 ₹21,219
100% ₹171,422 44 ₹28,292

 

TCS Buyback Eligibility  | How to Apply

Investors with TCS shares in their Demat account are eligible for the buyback scheme, as the record date is February 23, 2022. Investors can participate in the TCS Buyback 2022 scheme by selling their shares in accordance with the opening form. The payment will be made in accordance with the accepted shares under the TCS buyback scheme. Investors can participate in the buyback by placing an order through their broker or Demat account.

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

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
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.

Share Buyback 2022

 

Company Price Meeting Date Record Date
TCS ₹4500 12 Jan 22 23 Feb 22
UPL ₹875 02 Mar 22 Open Market
Gulf Oil Lubricants ₹600 09 Feb 22 21 Feb 22
FDC Limited ₹475 09 Feb 22 19 Feb 22
KPR Mill ₹805 27 Jan 22 19 Feb 22
Mayur Uniquoters ₹650 08 Feb 22 23 Feb 22
Emami Limited ₹550 03 Feb 22 Open Market
Open FREE Demat Account
 Broker  Brokerage  A/C Open
 Upstox  ₹20 per trade*  ₹0 / FREE
 Zerodha  ₹20 per trade*  ₹200 p.a.

59 thoughts on “TCS Buyback 2022 Record Date, Price, Eligibility, How to Apply”

Leave a Comment