TCS BUYBACK: ALL YOU NEED TO KNOW IN 2023 - ICICI DIRECT
India's biggest IT services player Tata Consultancy Services (TCS) has come up with a 17,000 cr. Shares buyback plan its 5th in last 6 years. The IT major, on October 11, had announced to buyback up to 4,09,63,855 fully paid-up equity shares of face value of ₹1 each at ₹4,150 per equity share for an amount equivalent to ₹17,000 crore.
Buyback History
Buyback Date |
Share Buyback price |
Total Buyback Amount |
Acceptance Ratio (Retail) |
May 18, 2017 |
Rs 2,850.00 |
Rs 16,000.00 Cr |
100.00% |
Sep 06, 2018 |
Rs 2,100.00 |
Rs 16,000.00 Cr |
100.00% |
Dec 18, 2020 |
Rs 3,000.00 |
Rs 16,000.00 Cr |
100.00% |
Mar 09, 2022 |
Rs 4,500.00 |
Rs 18,000.00 Cr |
24.00% |
The company has fixed Saturday, November 25, 2023, as the Record Date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the buyback.
Buyback Details
Security Name |
Tata Consultancy Services Limited |
Issue Type |
Tender Offer |
Issue Size (Shares) |
4,09,63,855.00 |
Issue Size (Amount) |
₹17,000.00 Crores |
Buyback Price |
₹4150 per share |
Face Value |
₹ 1 |
Listing At |
BSE, NSE |
Record Date |
November 25, 2023 |
Offer Opens On |
December 1, 2023 |
Last Date for receipt of Tender Forms |
December 7, 2023 |
Offer Closes On |
December 7, 2023 |
Finalisation of Buyback Acceptance |
December 13, 2023
|
Last Date for settlement of bids |
December 14, 2023 |
Last Date for Extinguishment of Shares |
December 26, 2023 |
Past Performance
Tata Consultancy Services Limited's revenuehas been continuously increasing every year. It has increased by 16.93% and profit after tax (PAT) rose by 10.02% between the financial year March 31, 2023 and March 31, 2022.
Period Ended |
31-Mar-23 |
31-Mar-22 |
31-Mar-21 |
31-Mar-20 |
Assets |
1,43,651.00 |
1,41,514.00 |
1,30,759.00 |
1,20,899.00 |
Revenue |
2,28,907.00 |
1,95,772.00 |
1,67,311.00 |
1,61,541.00 |
Profit After Tax |
42,303.00 |
38,449.00 |
32,562.00 |
32,447.00 |