How can I buy back share of TCS?

Can I buy TCS shares now for buyback 2022?

Under the Rs 18,000 crore share buyback offer, TCS will continue accepting shares till March 23. The company had fixed February 23, 2022 as the record date for the purpose of determining the buyback entitlement and the names of the equity shareholders, who would be eligible to participate in the buyback offer.

How many TCS shares buy back?

TCS board in January approved a proposal to buy back up to 4 crore shares for an amount not exceeding ₹18,000 crore at ₹4,500 per share.

What is TCS buy back offer?

TCS had proposed to buy back up to 4,00,00,000 shares of the company for an aggregate amount not exceeding Rs 18,000 crore, or 1.08 per cent of the total paid up equity share capital, at Rs 4,500 per share. The offer was subscribed more than 7.5 times on Wednesday – the last day for tendering of shares.

What is the buyback price of TCS?

TCS Buyback Detail

Issue Period Mar 9, 2022 – Mar 23, 2022
Issue Type Tender Offer
Issue Size (Shares) 4.00 Crores
Issue Size (Amount) ₹18,000.00 Crores
Buyback Price ₹4500 per share
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Is TCS buyback completed?

TCS will extinguish 1.08% of its equity shares after the buyback process is completed. The extent of promoter Tata Sons’ participation in the buyback could not be ascertained. For small shareholders, the buyback ratio is one share for every seven held, while for the general category, it is 1 for every 108 shares held.

Is TCS buyback open?

The last date of settlement of bids on the Stock Exchanges is April 1, 2022, TCS said. This is TCS’ fourth and biggest buyback in the past 5 years. The previous buyback of the TCS, worth about ₹16,000 crore, had opened on December 18, 2020, and closed on January 1, 2021.

Can we buy TCS shares now?

Tata Consultancy Services (TCS) board in January approved a proposal to buy back upto 4,00,00,000 Stocks for an amount not exceeding ₹18,000 crore at ₹4,500 per share. TCS’ share buyback offer opened on March 9 and closes today.

What is TCS buyback date?

March 23, 2022 by IHRPOE Team. Tata Consultancy Services (TCS), a leading IT consulting service provider, announced the dates of its Rs 18,000 crore TCS Share Buyback Offer in January this year on March 5. The offer will go live on March 9 and will close at 5 p.m. on March 23.

How does share buyback work?

A stock buyback typically means that the price of the remaining outstanding shares increases. This is simple supply-and-demand economics: there are fewer outstanding shares, but the value of the company has not changed, therefore each share is worth more, so the price goes up.

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Should you tender shares in TCS buyback?

Even the long-term shareholders should tender their shares as the buyback is tax-free. Long-term shareholders should repurchase the tendered shares from the open market.

Should I buy TCS buyback?

Majority of the analysts are bullish on the counter and suggest that investors should take advantage of this buyback. Overall, market participants with a short-term vision may find this to be a favorable opportunity. This can be a good move to make money in a weak market amid volatility.

What is the Record Date for TCS buyback 2020?

Buy Back Offer Deal:

Buyback Type: Tender Offer
Buyback Record Date: Nov 28 2020
Buyback Opening Date: Dec 18 2020
Buyback Closing Date: Jan 01 2021
Buyback Offer Amount: ₹ 16000 Cr