Open Date
01 Dec 2023
07 Dec 2023
Tender Offer
₹ 17,000 Cr
Issue Type
Buyback Size
Record Date
Buyback Price
₹ 4150/share
Close Date
CMP
25 Nov 2023
₹ 3473/share
Face Value
₹ 1 per share
Retail Entitlement Ratio
1 Share for every 6 share held (16.67%)
Entitlement Ratio for General
2 Share for every 203 shares held (0.96%)
TCS intends to buy back up to 4.09 crore shares, or 1.12% of the total equity share capital, at a price of ₹4,150 a share.
The entitlement ratio for small shareholders is one equity share for every six equity shares owned on November 25, the record date. For every 209 shares possessed, other eligible owners are entitled to two shares.
Tata Investment Corporation Limited aims to submit 11,358 shares, while Tata Sons Private Limited plans to present 2,96,03,690 equity shares. There are 4,09,63,855 shares in total being repurchased. The aggregate shareholding of the promoters will rise somewhat from 72.3% to 72.41% if all shareholders participate to the extent permitted.Slide 4:
TCS is repurchasing shares for the fifth time in the last six years, and the record date, set for November 25, decides which stockholders are eligible. In 2022, ₹18,000 crore worth of shares were repurchased at a price of ₹4,500 each. TCS has previously carried out three buybacks, totaling ₹16,000 crore, in 2020, 2018, and 2017.