TCS (NSE: TCS, BSE: 532540) buyback was announced on 12 January 2022. The TCS buyback record date is 23 February 2022. The investor should buy the TCS shares on or before 21 February to get the eligibility for the buyback. TCS buyback acceptance ratio might be around 14% (Approx) as per the market speculations.
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.
Eligibility Criteria for Investors in TCS Buyback 2022:
The TCS share price closed on 23 February 2022 at 3563.80 on NSE. As per that small investors will be able to qualify for 56 shares (approx) as on the record date which is 23 February.
TCS Buyback Settlement Revised:
- New Date for Intimation of Acceptance Ratio: 25 March (Previous 30 March)
- New Settlement Date: 28 March against Earlier Date of 31 March
TCS Buyback Acceptance Ratio:
- Reserved category for Small Shareholders:1 Share for every 7 Shares held on the Record Date
- General category for all other Eligible Shareholders: 1 Share for every 108 Equity Shares held on the Record Date
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 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 Acceptance Ratio (Estimated)
| 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 Financial Report
| ₹ in Crores | |||||
| Revenue | Expense | PAT | |||
| 2019 | ₹1,30,797 | ₹88,376 | ₹30,065 | ||
| 2020 | ₹1,39,388 | ₹94,696 | ₹33,260 | ||
| 2021 | ₹1,41,363 | ₹97,408 | ₹30,960 | ||
TCS Buyback Eligibility & How to App;ly
TCS Buyback Registrar
TCS Buyback Lead Managers
- JM Financial Consultants Private Limited
TCS Company Address
TCS Buyback 2022 FAQs
Note: If anything you want to know about the buyback offer you can refer to the TCS buyback offer documents.
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