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| Title | Detail |
|---|---|
| Company Name: | TCS |
| Buyback Type: | Tender Offer |
| Total Share Capital: | Rs 1,427,796 Cr |
| Offer Amount: | Rs 18,000 Cr |
| Offer Size: | 1.08% |
| Buyback Number of Shares: | 4 Cr |
| Buyback Price: | 4500 |
| Approx Entry Price: | 3900 |
| Promoters In: | Y |
| Buyback Approval Date: | 12-01-2022 |
| Record Date: | 23-02-2022 |
| Open Date: | 09-03-2022 |
| Close Date: | 23-03-2022 |
| Payment Date: | 8-04-2022 |
| Record Date Price: | 3563.80 |
| Maximum Retail Quantity: | 56 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | Letter of Offer |
| Acceptance Ratio Retail: | 1 Equity Shares for every 7 Equity Shares held on the Record Date |
| Acceptance Ratio Retail %: | 14.61 |
| Acceptance Ratio General: | 1 Equity Shares for every 108 Equity Shares held on the Record Date |
| Acceptance Ratio General %: | 0.93 |
| Final Acceptance Ratio %: | 23.65% |
The Record Date for TCS Buyback offer is 23rd Feb 2022
Which means you should hold the TCS share in your demat account by closing session of 23rd Feb 2022. Share purchased on and before (23rd Feb 2022) - 2 business days will be available in your demat account by 23rd Feb 2022.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have TCS shares at ₹3900 and buyback offer price is ₹4500, you can get ₹600 per accepted share. If you hold 51 shares of TCS and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 17 to 26 shares with the gain from buyback of ₹10200 to ₹15600.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 17 | ₹10200 |
| 50% | 26 | ₹15600 |
| 75% | 38 | ₹22800 |
| 100% | 51 | ₹30600 |
Steps to participate in TCS buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for TCS: 9th Mar 2022
Buyback closing date for TCS: 23rd Mar 2022
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 8th Apr 2022.
Buyback opening date for TCS: 9th Mar 2022
Buyback closing date for TCS: 23rd Mar 2022
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
