TCS Buyback 2023 Record Date, Price & Ratio Details

TCS buyback 2023 was announced on October 11, 2023. The TCS buyback open date is December 1, 2023. TCS buyback record date is November 25, 2023. The investor should buy the TCS shares before the record date to get eligibility for the buyback.
TCS

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TCS Buyback of ₹17000 crores approved by the board of directors at the meeting was held on October 11, 2023. TCS Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹1 each equity share at a price of ₹4150 per Equity Share and for an aggregate amount not exceeding ₹17000 crores from the shareholders. Check out TCS Buyback 2023 details below:


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.

TCS Buyback History


TCS Buyback 2023 Dates

Buyback Meeting Date:October 11, 2023
Buyback Announcement Date:October 11, 2023
Buyback Record Date:November 25, 2023
Last Date to Buy Shares:November 24, 2023
Buyback Open Date:December 1, 2023
Buyback Close Date:December 7, 2023
Finalization of Buyback Acceptance:December 13, 2023

TCS Buyback 2023 Offer Details

TCS buyback of 4,09,63,855 equity shares at a price of ₹4150 per equity share. The buyback offers not to exceed ₹17000 crores of the total buyback offer size.

Offer Amount:₹17000 Crores
Number of Shares:4,09,63,855 Equity Shares
Face Value:₹1 per equity share
Buyback Price:₹4150 per equity share
Listing:BSE, NSE
Buyback Type:Tender Offer
Letter of Offer:Click Here

TCS Buyback 2023 Acceptance Ratio

The investor should buy around [.] shares at a current market price of ₹[.] (as of date). The calculation will be ₹2,00,000 / ₹[.] buyback price = [.] shares.

Acceptance RatioInvestmentShares BuybackProfit
33%₹[.][.]₹[.]
50%₹[.][.]₹[.]
75%₹[.][.]₹[.]
100%₹[.][.]₹[.]

TCS Financial Report

₹ in Crores
YearRevenueExpensePAT
2020₹164,177₹117,631₹32,562
2021₹191,754₹138,697₹38,449
2023₹225,458₹166,199₹42,303

How to Participate in TCS Buyback 2023

The investors are eligible for the buyback scheme who have TCS shares in their Demat Account as the Record Date. Eligible Share Holders 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 TCSepted shares by the company under the TCS buyback scheme.

TCS Buyback 2023 Registrar

To be updated soon

TCS Buyback 2023 Lead Managers

  • To be updated soon

TCS Company Address

Tata Consultancy Services Limited
TCS House,
Raveline Street
Fort, Mumbai 400 001
Phone: +91-22-6778 9999
Email: [email protected]
Website: https://www.tcs.com/

How to Apply the TCS Buyback through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “TCS”. Click on Place Order. Enter your Quantity and submit TCS Buyback Application Form.

How to Apply the TCS Buyback through Upstox?

Log in to Upstox Application with your credentials. Select the TCSount Section. You will see the Company Name “TCS”. Click on TCS Stock for Buyback. Enter your Quantity and submit TCS Buyback Application Form.

How to Apply the TCS Buyback through PaytmMoney?

Log in to TCS Money Application with your credentials. Select the TCS. Enter your Quantity and submit TCS Buyback Application Form.

TCS Buyback 2023 FAQs


When is TCS Buyback 2023 Record Date?

TCS buyback 2023 record date is November 25, 2023.

When is TCS Buyback 2023 Open Date?

TCS buyback 2023 open date is December 1, 2023.

What is TCS Buyback 2023 Price?

The company has fixed the price at ₹4150 per share.

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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12 Responses

  1. Can you please check and confirm the record date for TCS buy back because in Zee Business News it was mentioned as 13th Nov, 2023 whereas you have mentioned 25th Nov, 2023. So What is the correct record date for TCS buyback

  2. how much % wiii take the company, I am having 37 tcs shares as on record date ( my demat account showing as on 19-10-23 are 37 shares) ple. inform.

    1. The record Date is not announced. So until the Record date, you can buy TCS shares and be part of this buyback. Pls don’t buy more than 50 shares.


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