TCS Buyback 2022 Details: Opening Date, Closing Date, Buyback Price

TCS Buyback 2022 Details: TCS is a company that specializes in information technology (IT) services, as well as digital and business solutions. Mentioned are the TCS Buyback 2022 details. We wish to inform you that the Board of Directors of the Company has approved a proposal to buyback up to 4,00,00,000 (four crores) Equity Shares of the Company for an aggregate amount not exceeding Rs 18,000 crore (Rupees eighteen thousand crores only) (hereinafter referred to as the “Buyback”), in accordance with our notification dated January 7, 2022, and in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations (hereinafter referred to as the “Buyback Price”).

TCS Buyback 2022 Details
TCS Buyback 2022 Details

TCS Buyback 2022 Details: Opening Date, Closing Date, Buyback Price

Buyback TypeTender Offer
Buyback Record DateFeb 23, 2022
Buyback Offer AmountRs 18,000 cr. (Approx)
Date of Board Meeting approving the proposalJan 12, 2022
Date of Public AnnouncementJan 12, 2022
Buyback Number of Shares4,00,00,000 (Approx)
Buyback Opening DateMar 9, 2022 
Buyback Closing DateMar 23, 2022 
Price TypeTender offer
Buyback PriceRs 4500 Per Equity Share (Approx)
Face ValueRs 1 Per Equity Share

About TCS

TCS is a company that specializes in information technology (IT) services, as well as digital and business solutions. Banking, finance, and insurance services (BFSI); manufacturing; retail and consumer packaged goods (CPG); telecom, media, and entertainment; and others, including energy, resources, and utilities, hi-tech, life science and healthcare, s-Governance, travel, transportation, and hospitality, and other products, are among the company’s segments.

IT and assurance services, business intelligence and performance management, business process services, cloud services, connected marketing solutions, consulting, engineering, and industrial services, enterprise solutions, IT infrastructure services, mobility products and services, and platform solutions are all part of the company’s services portfolio.

TCS Buyback FAQs

What is the TCS Buyback 2022 size?

The Buyback Offer will have a total size of 4,00,00,000 Equity Shares to be purchased back and a total value of roughly Rs.18,000 Crores, representing 1.08 percent of the Company’s total issued and paid-up equity share capital as of December 31, 2021.

What is the TCS Buyback Price?

At a price of Rs 4,500 per Equity Share, the Equity Shares would be bought back.

Is it necessary to use a broker to tender TCS shares?

Yes. Shareholders who want to offer their Equity Shares in electronic or physical form as part of the Buyback must create a trading account with a BSE or NSE-registered broker.

What is the magnitude of the TCS Buyback issue?

TCS Buyback is a 4.00 crore equity share issue priced at 4500 rupees per share, with a total value of 18,000.00 crores.

How do I take part in the TCS Buyback?

To be eligible to participate in the Buyback, you must have TCS stocks in your demat account on the record date, which is February 23, 2022. You will not be eligible for the repurchase if you do not own any stock.

Through their Stock Broker, any eligible Shareholders of the Company owning either Physical Shares or Demat Shares as of the Record Date can participate in the repurchase offer.

The eligible shareholder must advise their broker of the information of the Equity shares they desire to tender in the Buyback Offer if they hold the shares in Demat form. 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. Original share certificates and supporting paperwork must be presented to the broker by the qualifying shareholder who owns the shares in physical form. The broker executes an order on the stock market when document verification is completed and submits the original share certificate and TRS to the registrar.

In the case of Demat shares, the tender form and TRS are optional, while in the case of physical shares, they are required.