TCS Buyback 2020 Review

Broker Articles   Buyback Dashboard   Compare Top Stock Brokers in India  
Rated 3.5/5 by Team TopShareBrokers

Save Brokerage Upto 60%

Name 

 Phone 
Email   State 
City    NRI Form ⇒

India’s largest software service company has announced its share buyback for the year 2020. This is the 3rd buyback from TCS in last 4 years. In 2017 and 2018 also TCS has done the buyback of Rs 16,000 Cr each.

Current TCS buyback is also similar size which is Rs 16,000 Cr. The company has announced to repurchase 5.33 cr shares which are 1.42% of the total paid-up equity @ Rs 3000 per share. The price of the buyback is 9.6% premium to the previous closing day of the announcement date.

TCS Buyback Offer Details

      »»   Total Share Capital: Rs 1,027,177.79 Cr
      »»   Face Value: 1 Per Equity Share
      »»   Buyback Offer Amount: Rs 16000 Cr
      »»   Buyback Offer Size (In %): 1.42%
      »»   Buyback Number of Shares: 5.33 Cr
      »»   Buyback Price: Rs 3000
      »»   Promoters and Promoter Group participation:Yes
      »»   Buyback type:Tender Offer
      »»   Can I Invest today to participate in TCS buyback offer :Yes

TCS Buyback Important Dates

In this section we have covered all important dates related to TCS Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.

    TCS buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 7th Oct 2020
    Buyback Approval date 7th Oct 2020
    Public Announcement of Buyback 7th Oct 2020
    Record Date Not Yet Announced
    Buyback opens on/Buyback Opening Date Not Yet Announced
    Buyback closes on/Buyback Closing Date Not Yet Announced
    Cut-off date to receive completed tender forms by Registrar Not Yet Announced
    Cut-off date for verification by the Registrar Not Yet Announced
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    Not Yet Announced
    Last date of settlement of bids on the stock exchange Not Yet Announced
    Last date to return unaccepted shares by Registrar Not Yet Announced
    Last date of extinguishment of Equity Shares Not Yet Announced

TCS Share Holding Pattern as of Sep 2020

Stock Holding table will give you a clear picture, how many retail investor holding TCS shares, with this you can plan for participate in buyback offer. The less number of retail holding make more chance to get higher acceptance ratio in buyback under ratail category = higher profit.

    Holding Type In %
    Promoter-Foreign 0.0%
    Promoter-Indian 72.05%
    Non-Promoter-Institutions 23.95%
    Non-Promoter-Non-Institutions 4.01%

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
James Warren Tea LtdTender OfferRs 19.836 Cr114108.70 (4.27%)18-09-2020TBDTBD
Cheviot Company LtdTender OfferRs 18 Cr900671.75 (1.68%)18-09-202022-10-202005-11-2020
Dhanuka Agritech LtdTender OfferRs 100 Cr1,000734.90 (2.64%)28-09-202020-10-202002-11-2020
RITES LtdTender OfferRs 257 Cr265239.60 (0.19%)30-09-2020TBDTBD
Magna Electro Castings LtdTender Offer7 Cr175147.40 (-0.03%)01-10-2020TBDTBD
TCSTender OfferRs 16000 Cr30002762.50 (0.87%)TBDTBDTBD
Wipro LtdTender OfferRs 9500 Cr400339.55 (-0.57%)TBDTBDTBD

Guaranteed Save 60% to 90% Brokerage + Taxes

Do you know you could reduce the brokerage cost significantly by moving to another stock broker? Our expert team compare top share brokers in India to help investors like you. STOP paying Demat AMC, brokerage in %, PCM fee and high stamp duty today.

We can help you choose the right broker. Contact us today...

@
  NRI Form ⇒

Detail Article on Benefit from buyback offer >> Read

TCS Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for TCS? How can I apply in TCS Buyback offer?

Company Contact Information

TATA Consultancy Services Ltd,
9th Floor Nirmal Building,
Nariman Point.
Mumbai-400021

Registrar Contact Information

Request call back from

Last Updated on 2020-10-19T01:35:19+00:00


Buyback FAQs

  1. 1. What is the record date for TCS buyback offer?

    The Record Date for TCS Buyback offer has not been announced yet.

     

     

  2. 2. How much I can make with TCS buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have TCS shares at ₹2735 and buyback offer price is ₹3000, you can get ₹265 per accepted share. If you hold 73 shares of TCS and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 24 to 36 shares with the gain from buyback of ₹6360 to ₹9540.

    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.

    TCS Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%24₹6360
    50%36₹9540
    75%55₹14575
    100%73₹19345

     

     

  3. 3. How to Participate in TCS buyback offer?

    Steps to participate in TCS buyback:

    1. On Record date (Not Yet Announced) you must have share of TCS in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many TCS share are eligible for 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.

     

     

  5. 5. When I need to tender TCS share for buyback?

    Buyback opening date for TCS: Not Yet Announced

    Buyback closing date for TCS: Not Yet Announced

    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 Not Yet Announced.

     

     

  6. 6. When I will know how much shares accepted in TCS buyback offer?

    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 Not Yet Announced.

     

     

  7. 7. When I need to tender TCS share for buyback?

    Buyback opening date for TCS: Not Yet Announced

    Buyback closing date for TCS: Not Yet Announced

    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 Not Yet Announced.

     

     

Compare 3 Brokers

User Comments

avatar
1. CA Sachin jain  10/10/2020 12:15:47 PM Reply
With my past experience, TCS will touch 3000 before the buyback. New investors can buy this now for the buyback. If it reaches 2950+ before buyback you can exit else participate in the buyback. Both are win win situation.

Enquire Trading Brokers:

Name 

 Phone 
Email   State 
City   






Search topsharebrokers.com:

Translate topsharebrokers.com: