Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) services and consulting company. TCS is a part of the Tata Group and operates in 150 locations across 46 countries. In July 2022, it was reported that TCS had over 600,000 employees worldwide.
TCS is well known in the e-governance, banking and financial services, telecommunications, education, and healthcare markets.
TCS generated consolidated revenues of US\$27.9 billion in the fiscal year ended March 31, 2023. It is listed on the BSE and the NSE in India.
TCS was incorporated on January 19, 1995. Its address is TCS House, Raveline Street, Fort, Mumbai, 400 001, India. Its website is www.tcs.com.
Tata Consultancy Services Limited (TCS) has set November 25, 2023 as the record date for its share buyback. The IT giant has approved a buyback of shares at ₹4,150 per share, with an issue size of ₹17,000 crore. Only shareholders who hold shares as of the record date are eligible for the buyback.
TCS Buyback Details
| Particular | Details |
| Buyback Announcement Date | 11 Oct 2023 |
| Buyback Amount | Rs. 17000 Crore |
| Number of Share for Buyback | 40963855 |
| Buyback Offer Size | 1.12% |
| Buyback Price Type | Tender Offer |
| Face Value | Rs. 1 |
| Buyback Price | Rs. 4150 per Equity share |
| Buyback Record Date (Ex-Date) | 25 Nov 2023 |
| Tender Offer Opens | 01 Dec 2023 |
| Tender Offer Close | 07 Dec 2023 |
| Acceptance Ratio | 35% Approximately |
| Amount Credited Date | 12 Dec 2023 |
The record date for Tata Consultancy Services (TCS) buyback is November 25, 2023. The IT major has declared a buyback of shares at ₹4,150 per share. The buyback price has been fixed at ₹4,150 per share in a ₹17,000-crore buyback program through the tender offer route.
TCS said it would buy back up to 4.09 crore shares (1.12% of the total equity share capital) at ₹4,150 apiece.
Only shareholders who hold shares as of the ex-date/record date are eligible for the corporate action.+
Profit Calculation from TCS Buyback (16 Nov 2023)
Investor needs to buy 48 Share to eligible as retail category. If we assume that we buy 48 shares today at 3485 (16-11-2023 trading average price). The total investment is Rs. 167280. Lets calculate the profit at difference acceptance ratio…
| Acceptance Ratio | 20% | 40% | 60% | 80% | 100% |
| Amount Invested in Buyback | 167280 | 167280 | 167280 | 167280 | 167280 |
| No of Share as Acceptance Ratio (Rounded) | 10 | 19 | 29 | 38 | 48 |
| Profit in Buyback Shared | 6650 | 12635 | 19285 | 25270 | 31920 |
| Approx. Earned Profit as % | 3.98% | 7.55% | 11.52% | 15.10% | 19.08% |
To participate and more information about TCS Buyback contact us…
TCS Financial Information
| Financial Year Closing | 31/03/2023 | 31/03/2022 | 31/03/2021 | 31/03/2020 |
| Total Asset | 143651 | 141514 | 130759 | 120899 |
| Revenue | 228907 | 195772 | 167311 | 161541 |
| Profit After Tax | 42303 | 38449 | 32562 | 32447 |
| Reserve & Surplus | 90058 | 88773 | 87014 | 86063 |
Company Contact Information
Tata Consultancy Services Limited
TCS House, Raveline Street
Fort, Mumbai 400 001
Phone: +91-22-6778 9999
Email: kedar.shirali@tcs.com
Website: https://www.tcs.com/
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