India’s largest IT company Tata Consultancy Services has announced a repurchase of  equity shares for an aggregate amount of not more than Rs.18,000 crore with a pricing of Rs.4500 per share.

The proposal was approved by the board of Tata Consultancy Services Ltd. In the meeting held on 12th January 2022. The 4 crore equity shares counts for 1.08 % of the total paid-up equity shares of the firm given at a price of Rs.4500 per share that means it is being given at a premium of 17% at Wednesday’s closing price of Rs.3857 on BSE.

Although people were expecting a much higher buyback of somewhere around Rs.25,000 crore considering they had Rs.50,000 of net cash. 

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TCS Share Buyback Offer Details

TCS Share Buy Back Plan | TCS Buyback Shares

Buyback Type: Tender Offer
TCS Buyback Record Date: Feb 23, 2022
TCS Buyback Offer Amount: ₹ 18000 CR
Date of Board Meeting approving the proposal: Jan 12, 2022
Date of Public Announcement: Jan 12, 2022
TCS Buyback Offer Size: 1.08%
Buyback Number of Shares: 4,00,00,000
Price Type: Tender Offer
Face Value (FV): 1
TCS Buyback Price: ₹ 4500 Per Equity Share
TCS Buyback Premium: 17%

TCS Buyback 2022

TCS Buyback & Dividend 2022

What Is Buyback

TCS Buyback Important Dates

In this section we have covered all important dates related to “TCS Buyback Date”. Dates are updated as they are announced. The most noted dates are TCS record date and TCS buyback open and close dates, which one should use to participate in buyback.

TCS Buyback Offer Dates
Buyback Activity Date
Board Meeting for TCS Buyback proposal 12.01.2022
TCS Buyback Approval date 12.01.2022
Public Announcement of TCS Buyback 12.01.2022
TCS Buyback Record Date 23.02.2022
TCS Buyback opens on/Buyback Opening Date 09.03.2022
TCS Buyback closes on/Buyback Closing Date 23.03.2022
Cut-off date to receive completed tender forms by Registrar 23.03.2022
Cut-off date for verification by the Registrar 31.03.2022
Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar 31.03.2022
Last date of settlement of bids on the stock exchange 01.04.2022
Last date to return unaccepted shares by Registrar 01.04.2022
Last date of extinguishment of Equity Shares 08.04.2022

Tentative Record Date To Participate In TCS Buyback

TCS buyback record date is Feb 23, 2022.

TCS Share Holding Pattern as of Feb 2022

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 TCS buyback under retail category which is equal to higher profit.

The Shareholding Pattern page of Tata Consultancy Services Ltd. presents the Promoter’s holding, FII’s holding, DII’s Holding, and Share holding by general public etc.

Shareholding Pattern – Tata Consultancy Services Ltd.
Holder’s Name No of Shares % Share Holding
No. Of Shares 3752384706 100%
Promoters 2703542000 72.19%
Foreign Institutions 600369219 14.98%
N Banks Mutual Funds 106448823 2.84%
Central Govt 2504680 0.07%
Others 20932871 0.56%
General Public 130433389 4.86%
Financial Institutions 188153724 7.93%

How to Apply for TCS Buyback?

Now if you are wondering ‘How do I apply for a buyback?’ OR “How to Participate in buyback?” we’ve got you covered. When it comes to share-buyback schemes, the capital market regulator has compulsorily reserved a buyback portion of 15% for retail investors who possess in-hold shares in a company worth upto ₹2 lakhs.

This percentage is also taking into account the scrip’s market value as seen on the record date of the buyback offer. During the application process of share buyback, you will be given a tender form by the company.

This form is where you enter the number of shares of that company that you wish to tender. There is a ratio of acceptance attached to the tender form which signifies how likely the company is to accept your request for share buybacks. Different companies have different ratios for share buybacks.

Profit from the buyback on the bases of acceptance Ratio:

Buy 44 Shares at CMP of Rs.3857 ( 2,00,000/4500=44)

TCS Buyback Acceptance Ratio 33% 50% 75% 100%
Amount Invested in Buyback 1,71,422 1,71,422 1,71,422 1,71,422
No. of Shares buyback 15 22 33 44
Buyback Profit 9645 14146 21219 28292
Profit 5.6% 8.25% 12.37% 16.5%

Here is what you can expect in a typical tender form given by a company. There are normally three fields as follows:

  1. The number of shares you hold from the said company as on the record date
  2. The number of shares that fit the eligibility criteria for buybacks
  3. The number of shares that one is applying for a buyback.

Apply TCS buyback from Zerodha & Upstox

Here is complete method from Zerodha You can apply for Buybacks on Console> Portfolio> Corporate action order window

  • Hover your mouse on the stock and select ‘Options’ and click on ‘Place order’
  • Enter the number of shares you want to tender and click on ‘Submit’
  • Buyback/Takeover/Delisting orders are collected until 6:00 PM, one trading day prior to the offer end date. Ensure to hold sufficient quantities in your demat account before closure of the offer end date. (Do not sell the shares after placing the order). Only shareholders who hold the shares as on the record date will be eligible for the corporate action.

Apply TCS buyback from Upstox

Company Contact Information

Tata Consulting Services (TCS)

Share Register/Transfer Agent*
TSR Darashaw Limited (TSRDL)
Ph: +91-22-6656 8484
Fax: +91-22-6656 8494
Mailing Address: 6-10, Haji Moosa Patrawala Industrial Estate, 20, Dr E Moses Road, Mahalaxmi, Mumbai 400 001
Shareholder Grievance Redressal
Mailing Address: Tata Consultancy Services Limited 9th Floor, Nirmal Building, Nariman Point, Mumbai 400 021, India
Ph: +91-22-6778 9595 +91-22-6778 9191 +91-22-6778 9179 Fax: +91-22-6630 3672
Investor Relations Kedar Shirali Head, Global Investor Relations

Registrar Contact Information

Link Intime India Private Limited

C-101, 1st Floor, 247 Park,
Lal Bhadur Shastri Marg, Vikhroli (West),
Mumbai 400 083 Tel:+91 022 49186200
Contact Person: Mr. Sumeet Deshpande

TCS Buyback 2022 FAQs:

When is TCS Buyback Record Date?

TCS buyback 2022 record date is Feb 23, 2022.

When is TCS Buyback announcement Date?

TCS buyback 2022 announcement date is Jan 12, 2022.

What is TCS Buyback Price?

The company has fixed the price at ₹4500 Per Equity Share.

How can I get TCS buy back?

As per the TCS record date you need to have TCS shares in your demat account. You can participate in buyback after having the stock in your account. Once you have shares in demat, you can participate in the buyback process which is opening from [09 March 2022], by selling your shares through your broker on NSE or BSE. Then on 01 April 2022, the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account.

How much I can make with TCS buyback offer?

Its all depend on acceptance ratio which usually announce with Letter of Offer. 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.

How to Participate in TCS buyback offer?

Steps to participate in TCS buyback:
On Record date 23 Feb, 2022 you must have share of TCS in your demat account. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.

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.

The next step is with the 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.

How many TCS share are eligible for buyback?

Shareholders who hold less than 2 lakh worth of shares are considered in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

When I need to tender TCS share for buyback?

Buyback opening date for TCS: 09 March 2022, Buyback closing date for TCS 23 March 2022, This is the window when you need to submit your application for proposal for share buyback.

When I will know how much shares accepted in TCS buyback offer?

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 01 April 2022.

Why is TCS buying back shares?

TCS plans to buy back up to 4 crore equity shares of the company for an aggregate amount not exceeding 18,000 crore. TCS proposed to buy back shares at ₹4,500 per share. The company had announced the mega buyback offer as part of its long-term capital allocation policy of returning excess cash to shareholders.