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.
»» 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
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.
| 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 |
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.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| James Warren Tea Ltd | Tender Offer | Rs 19.836 Cr | 114 | 108.70 (4.27%) | 18-09-2020 | TBD | TBD | Cheviot Company Ltd | Tender Offer | Rs 18 Cr | 900 | 671.75 (1.68%) | 18-09-2020 | 22-10-2020 | 05-11-2020 | Dhanuka Agritech Ltd | Tender Offer | Rs 100 Cr | 1,000 | 734.90 (2.64%) | 28-09-2020 | 20-10-2020 | 02-11-2020 | RITES Ltd | Tender Offer | Rs 257 Cr | 265 | 239.60 (0.19%) | 30-09-2020 | TBD | TBD | Magna Electro Castings Ltd | Tender Offer | 7 Cr | 175 | 147.40 (-0.03%) | 01-10-2020 | TBD | TBD | TCS | Tender Offer | Rs 16000 Cr | 3000 | 2762.50 (0.87%) | TBD | TBD | TBD | Wipro Ltd | Tender Offer | Rs 9500 Cr | 400 | 339.55 (-0.57%) | TBD | TBD | TBD |
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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?
Last Updated on 2020-10-19T01:35:19+00:00
The Record Date for TCS Buyback offer has not been announced yet.
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.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 24 | ₹6360 |
| 50% | 36 | ₹9540 |
| 75% | 55 | ₹14575 |
| 100% | 73 | ₹19345 |
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: 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.
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.
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.
