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TCS Buyback 2020 Review

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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 Buyaback 2022

What is TCS Buyback details?

Below is the complete details about TCS Buyback. Record date, buyback open and close dates are announce in below section.

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 16000 Cr
Buyback Number of Shares: 5.33 Cr
Buyback Price: Rs 3000
Buyback Offer Size (In %): 1.42%
Total Share Capital: Rs 1,027,177.79 Cr
Face Value: 1 Per Equity Share

Can I Invest today to participate in TCS buyback offer? No

What are 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 28th Nov 2020
Buyback opens on/Buyback Opening Date 18th Dec 2020
Buyback closes on/Buyback Closing Date 1st Jan 2021
Cut-off date to receive completed tender forms by Registrar 3rd Jan 2021
Cut-off date for verification by the Registrar 11th Jan 2021
Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar
11th Jan 2021
Last date of settlement of bids on the stock exchange 12th Jan 2021
Last date to return unaccepted shares by Registrar 12th Jan 2021
Last date of extinguishment of Equity Shares 19th Jan 2021

TCS Share Holding Pattern as of Sep 2020

Stock Holding table gives a clear picture on retail investor holdings of TCS shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.

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

TCS Public Announcement >>Document

TCS Draft Letter of Offer >>Document

TCS Letter of Offer >>Document

TCS Post Buyback Public Announcement >>Document

TCS Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:
  • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 2679.65 per equity share - in such case Max 74 Equity Shares as of Record Date 28th Nov 2020.
  • General category for all Shareholders other than Small Shareholders ("General Category")

TCS Ratio of Buy Back

Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
Reserved Category 2 Equity Share out of every 5 fully paid-up Equity Share held on the Record Date. 41.05
General Category 2 Equity Share out of every 165 fully paid-up Equity Share held on the Record Date. 1.21%

Post buyback comments TCS

For TCS Buyback Offer, Report updated by the manager of buyback -

In general category - response received 309%, No. of Equity Shares reserved in Buyback was 4,53,33,333 where valid bid received for retail category was 14,02,87,605 which is 309% oversubscribed.

In Reserved category for Small Shareholders (Retail) - response received only 76%, No. of Equity Shares reserved in Buyback was 80,00,000 where valid bid received for retail category was 61,25,386 which is 76%. Final Acceptance Ratio for Retail Investors was 100%.

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
Tanla Platforms LtdTender OfferRs 170 Cr1200539.15 (-3.00%)25-10-2022TBDTBD
Garware Technical Fibres LtdTender OfferRs 90 Cr37504-11-2022TBDTBD
Orbit Exports LimitedTender OfferRs 10 Cr245125.75 (2.91%)18-11-2022TBDTBD
Abirami Financial Services (India) LimitedTender Offer₹1.68Cr2819.25 (0.00%)27-01-202314-03-202329-03-2023
Sportking India LtdTender Offer₹55.10Cr950651.25 (-0.56%)10-02-202315-03-202329-03-2023
VRL Logistics LimitedTender Offer₹61.25Cr700641.90 (-0.76%)10-02-202313-03-202327-03-2023
Welspun Enterprises LimitedTender Offer₹235.00Cr200125.40 (-0.75%)13-02-202316-03-202331-03-2023
Hinduja Global Solutions LimitedTender Offer₹1020.00Cr17001015.95 (-0.55%)06-03-2023TBDTBD
Ajanta Pharma LimitedTender Offer₹315.00Cr14251182.05 (-3.96%)24-03-2023TBDTBD
Symphony LimitedTender Offer₹200.00Cr20001085.20 (-2.26%)29-03-2023TBDTBD
Godawari Power & Ispat LimitedTender Offer₹250.00Cr500345.55 (-4.94%)31-03-2023TBDTBD
TeamLease Services LimitedTender Offer₹100.00Cr30502291.75 (-0.24%)03-04-2023TBDTBD

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.

Registrar Contact Information

Last Updated on 2021-01-25T21:35:05+00:00

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User Reviews

1. CA Sachin jain Oct 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.
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