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TCS Buyback Jan 2022


TCS (BSE:532540, NSE:TCS) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for TCS Buyback Jan 2022? The company has announced a buyback price of Rs 4500. Buyback Announced on 12-01-2022, the Record Date for the eligible investor is 23-02-2022.

TCS Buyabck Tender process starts from 09-03-2022 and end on 23-03-2022.

Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 14.61%.

The summary report of TCS buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.

TCS Buyback

TitleDetail
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%

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FAQs

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.

TCS Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%17₹10200
50%26₹15600
75%38₹22800
100%51₹30600

 

Steps to participate in TCS buyback:

  1. On Record date (23rd Feb 2022) 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.

 

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 .

 


User Reviews

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3. Saurabh Rastogi Feb 23 2022 09:53:46 AM Reply
Today 23rd Feb, 2022 is the last day for TCS share buyback. I have 50+ shares in my demat account, bought around 3 months ago. I can''t see an option to apply for TCS buyback in Zerodha Console-. Can anyone help.
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3.1. Team TopShareBrokers Feb 23 2022 09:56:20 AM
Hello Sir,

23rd Feb 2022 is the record date. Good, you have your holdings for TCS.
Tender dates are not yet announced. So you need to wait for the tender date, Once the Buyback Tender dates open you can see a link in Zerodha Consol > Buyback section where you can tender your TCS shares.
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2. Uday Feb 21 2022 12:23:56 PM Reply
Hello sir ...i am with Alice blue...

I bought shares today....broker said will be credited by 24 Feb...will i be eligible for buy back
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2.1. Vinay Jain Feb 21 2022 02:01:27 PM
Sir, You will be eligible as settlement is T+2 days. Keep eye on your demat msg.
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1. Raja Feb 18 2022 12:52:06 PM Reply
The last date today to buy TCS shares for buyback, but the price is not moving up. Please guide shell I invest in TCS for the buyback.
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4.1. Vinay Jain Feb 19 2022 09:24:22 AM
Sir, Last date for TCS Buyback is Monday 21st Feb 2022. T+ 2 days so u will have holding by 23rd Feb 2022.