TCS Buy Back Last Date- Share price- All Details

TCS Buy Back Last Date- Share price- All Details 2022

The board of Tata Consultancy Services (TCS) in January this year raised Rs.  For more than Rs 18,000 crore, Rs.  Approved the TCS Buyback offer at 4,500.  Was.  

The buyback offer for TCS shares is open from today (March 9) and will close on March 23. TCS informed that the buyback ratio in the reserved category for small shareholders will be "1 equity share for every 7 equity shares held by the investor on record date".  The buyback ratio for all other eligible shareholders in the general category will be 1 for every 108 equity shares present on the record date.

TCS Buy Back Last Date- Share price- All Details

 February 23, 2022 is set as the record date for determining the eligibility and names of eligible equity shareholders for the share buyback of IT giant TCS.

 Premium over 16%

 Shares of TCS closed at Rs 3,857 on January 12, 2022.  This means that the last closing price of the stock was Rs.  Buyback must be completed at a premium of 643 or 16.6%.  The company also declared a record dividend of Rs 7 on January 20, a record date.

 TCS said that the last date for receipt of completed tender form and other specified documents including physical share certificate by the registrar is March 23.  The last date to complete bids on stock exchanges is April 1, 2022.

 TCS's fourth and largest buyback in 5 years

 This is TCS's fourth and largest buyback offer in the last 5 years.  TCS's last buyback opened on December 18, 2020 and closed on January 1, 2021.  The buyback is worth about Rs.  16,000 crore.

 Share buyback also known as share repurchase.  In this the company buys back its shares from its existing shareholders at the prevailing market price at a premium.  This could be an alternative tax-efficient way of returning money to shareholders.  Share buyback reduces the number of shares in circulation.  After which the share price and earnings per share (EPS) may increase.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. suggests its readers to consult with their investment advisers before making any financial decision.)

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