TCS Buyback 2022 description – Tata Consultancy Services Limited, initially started as “Tata Computer Systems” was founded in 1968 by division of Tata Sons Limited. TCS is the largest IT services company in the world by market capitalization. It is a subsidiary of the Tata Group and operates in 149 locations across 46 countries.
In 2015, It was ranked 64th overall in the Forbes World’s most innovative companies. TCS is one of the largest private-sector employers in India, and the fourth-largest employer among listed Indian companies. It has crossed more than 500,000 employees as of 8 July 2021.
TCS Business and Technology Services help enterprises become future ready with its offerings across the digital technologies including Cloud, IoT, Business Operations, Infrastructure, Cybersecurity, Blockchain, Data and Analytics, Quality Engineering and Automation.
TCS Buyback 2022 Details
|Buyback Dates||9 – 23 March 2022|
|TCS Buyback Price||INR4,500 per share|
|Buyback Offer Size||4,00,00,000 shares|
|Buyback offer as % of total shares||1.08%|
|Offer Amount||INR18,000 crore|
|Face Value||INR1 per share|
|Listing At||BSE, NSE|
TCS Buyback Dates (Timeline)
|Board Meeting for Buyback Proposal||12 January 2022|
|Buyback Approval Date||12 January 2022|
|Public Announcement of Buyback||14 January 2022|
|TCS Buyback Record Date||23 February 2022|
|Buyback Opening Date||9 March 2022|
|Buyback Closing Date||23 March 2022|
|Cut-off Date to receive completed tender forms by Registrar||23 March 2022|
|Verification Date by the Registrar||31 March 2022|
|Return of unaccepted shares by Registrar||1 April 2022|
|Extinguishment of accepted shares||8 April 2022|
Registrar of TCS Buyback 2022
Link Intime India Private Limited
C-101, 1st Floor,
247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083,
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Manager of TCS Buyback 2022
JM Financial Limited
7th Floor, Cnergy,
Appasaheb Marathe Marg,
Prabhadevi, Mumbai – 400 025,
Phone: +91 22 6630 3030; +91 22 6630 3262
Fax: +91 22 6630 3330
Email: [email protected]
TCS Buyback 2022 Documents
- Tender Form for Demat Shares
- Tender Form for Physical Shares
- Offer Letter
- Draft Letter of Offer
- Public Announcement
- Upcoming Share Buyback
Pre-Buyback Shareholding Pattern of TCS
|Particulars||No. of Share Holders||No. of shares||% of shares|
TCS Buyback Entitlement Ratio
|Shareholder Category||Entitlement Ratio||Entitlement Ratio (in %)|
|Small Shareholders (less than INR2 Lakh on record date)||1/7||14.28|
|General category (for all other Eligible Shareholders)||1/108||0.92|
Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.
TCS Limited’s Financial Performance
Necessity of the Buyback
- The buy-back gives an option to the equity shareholders to either participate in the buy-back and receive cash in lieu of Equity Shares accepted under the buy-back.
- The buy-back helps to return surplus cash to its shareholders, in proportion to their shareholding, thereby, enhancing the overall returns to shareholders.
- The buy-back would help in improving Earning per share (EPS), Return on asset (ROA) and Return on equity (ROE) ratios of the Company.
- The buy-back, which is being implemented through the Tender Offer route as prescribed under the Buyback Regulations, would involve a reservation for small shareholders as defined in the Buy-back Regulations.
Process to Participate in the TCS buyback
All eligible Shareholders of the Company who own Physical Shares or Demat Shares on the Record Date may participate in the buyback offer through their Stock Broker. The eligible shareholder who holds the shares in Demat form must notify their broker of the details of the Equity shares that they wish to tender in the Buyback Offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholder who owns the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Working Calculation of Amount Invested in TCS Buyback
|Maximum market value of a share holder as on record date||INR2,00,000|
|Maximum shares of a shareholder as on 12 January (2,00,000/4,500)||44 shares|
|Closing price of share as on 12 January 2022||INR3,859.90|
|Amount Invested in buyback (3,859.90 x 44 shares)||INR1,69,836|
Profit from the TCS buyback by acceptance ratio
|Acceptance ratio||Amount invested in buyback||No. of shares bought back||Buyback Profit||Profit in %|
Frequently Asked Questions
TCS buyback opens on 9 March and closes on 23 March 2022
Timeline of TCS buyback will be coming soon.
TCS buyback price is INR4,500 per share.
The record date is 23 February 2022.