TCS Share BuyBack: The board of India’s IT major Tata Consultancy Services has approved a Rs 16,000 crore share buyback plan, in an attempt to distribute surplus cash among its shareholders. The company will buy back some 7.6 crore shares under the scheme at a price of Rs 2,100 per share. Tata Consultancy Services Ltd Buyback: Here's a complete overview of Tata Consultancy Services Ltd (TCS) Buyback including issue details, offer price per share, issue period, book size, maximum offer quantity. The offer, as per the schedule, will close on January 1, 2021. This move utilizes a little over 40% of its cash pile of Rs.39,000 crore. TCS’ smaller rival Wipro has also announced a buyback plan for up to Rs 9,500-crore at Rs 400 per equity share. Wipro's larger rival Tata Consultancy Services (TCS) has also proposed a Rs 16,000 crore buyback plan at Rs 3,000 per equity share. TCS IPO in 2004 was at a price of Rs850. Indian IT services giant Wipro is following Tata Consultancy Services (TCS) with its own buyback plans. During the buyback of shares, the price of shares is usually higher than the market price. ANTONY WASTE IPO ISSUE DATA LATEST NEWS 5. Buyback opens- December 18 and will close on January 1, 2021 February 20, 2017 Buyback News, Buyback Offers, Buyback offers in 2017, Buyback price, TCS Buyback, Share This: Facebook Twitter Google+ Pinterest Linkedin Whatsapp. Wipro Buyback Eligible Share Holders: The investors are eligible of the buyback scheme who have Wipro shares in their Demat account as record date is 12 December 2020. TCS BUYBACK 2020 | LATEST TCS NEWS | TCS BUY BACK RECORD DATE | TCS DIVIDEND & BUYBACK PRICE. Buyback of shares or stock buyback refers to the corporate action where a company repurchases its own shares from the existing shareholders. Tata Consultancy Services Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 20, 2017 has approved a proposal to Buyback up to 5,61,40,351 Equity Shares (Five crore sixty one lakh forty thousand three hundred and fifty one only) of the Company for an aggregate amount not exceeding 16,000 crore ( Rupees Sixteen thousand crore … ANTONY WASTE HANDLING CELL 7. share market ipo 8. new ipo news 9. latest ipo in india 10. latest ipo news 11. ipo share market hindi 12. I have received TCS buyback offer letter today. I am having 23 shares and received buyback entitlement of 9 shares from TCS. TCS ₹ 16,000-crore buyback offer opens today, share hits all-time high 1 min read TCS unveils another buyback worth Rs 16k cr, Tata Sons to gain most Interest subvention on MSME loans extended till end of March 2021 ‘Vaccination card’: Your toddler’s Health Passport Also Read Rs 16,000-Crore TCS Share Buyback Offer Opens; Stock Hits Record High TCS has decided to buyback up to 5.33 crore equity fully paid-up equity shares having a face value of Re 1 each. The TCS buyback was always on the cards, especially after the $3.2 billion buyback announced by Cognizant. They ensure the highest levels of certainty and satisfaction through a deep-set commitment to our clients, comprehensive industry expertise and a … Share Buyback 2020: Checkout latest share buyback 2020 news with record date and share buyback price - IPO Watch ... TCS ₹2100: 12 Jun 18: 18 Aug 18: To be a part of buyback shareholder might be presented with a tender offer when he or she needs to submit all or a portion of the shares within the given time frame. About TCS Ltd Buyback. TCS' Rs16,000cr buyback gets oversubscribed by 2.75 times TCS had launched its share buyback plan from December 18, 2020 - January 01, 2021. 160 bn (max. ANTONY WASTE HANDLING CELL news 13. That makes the effective issue price Rs106.25. This makes it only 1%. India’s largest IT company Tata Consultancy Services has announced a repurchase of 5,33,33,333 (Five crore thirty three lakh thirty three thousand three hundred thirty three) equity shares for an aggregate amount of not more than Rs.16,000 crore with a pricing of Rs.3000 per share. TCS CEO and Managing Director Rajesh Gopinathan had earlier said the company is focused on its policy to return capital to shareholders. ANTONY WASTE IPO issue 3. TCS' smaller rival Wipro has also announced an up to Rs 9,500-crore buyback plan at Rs 400 per equity share. TCS Buyback Details On 15th June’18, TCS has announced its second buy-back of Rs. TCS' smaller rival Wipro has also announced a buyback plan for up to Rs 9,500-crore at Rs 400 per equity share. LIVE BUYBACK OF SHARES 2021. Subsequently, it issued bonuses in the ratio of 1:1 in the years 2006, 2009 and 2018. After last year TCS buyback offer, the stock has moved nearly 50% upside. 8.37 PM Dec 14th. ... Investor Academy is your Financial Guide. 16000 crore. As the single largest of … India's top software exporter Tata Consultancy Services said on Wednesday it would buy back shares worth up to 160 billion rupees ($2.18 billion), and reported a 7.1% fall in quarterly profit. Indian IPO Blog features the latest news, ... TCS Buyback - Tata Consultancy Services to buyback shares IndianIPOBlog. TCS Buyback Open Date. This amounts to 27 per cent of the company’s Rs 58,594 crore cash balance and 16 per cent of net worth. This is the third share buyback offer from the company after August 2018 and May 2017. ANTONY WASTE HANDLING … Wipro Buyback 2020. Details on the buyback of the 2 companies: TCS: Buyback size- Rs. We provide you with the latest news and videos straight from the finance industry. It was, therefore, hardly a surprise when TCS announces its Rs.16,000 crore buyback amounting to 2.85% of the paid up capital. During Tata Consultancy Services (TCS) Rs 16,000 crore-buyback offer that concluded recently, Tata Sons tendered shares worth Rs 9,997 crore. Based on this assumption, retail investors can buy 95 shares, assuming stock price remains at or below Rs.2100 on the record date. 16,000 crore share buyback programme announced by the company during the Q2FY21 numbers. Hope the acceptance ratio will be minimum 70%. Steps to participate in TCS buyback: On Record date (28th Nov 2020) you must have share of TCS in your demat account/physical form. Those who are holding TCS shares, can check their entitlement for Buyback offer through this link Click here to check your status . Wipro buyback of 23.75 crore equity shares which is around 4.16% of all the existing number of equity shares at a price of ₹400 per equity share.The buyback offer not exceeding of ₹9500 crore of total buyback offer size. TCS Buyback 2020. TCS has decided to buyback up to 53.3 million equity shares and the floor price for this offer has been fixed at Rs 3,000 per share. Below are Quote on TCS buyback By Mr. Jyoti Roy- DVP- Equity Strategist, Angel Broking Ltd “TCS Ltd. has announced that the company has fixed record date of 28th of Nov 2020 for the Rs. "TCS shareholders can offer shares in buyback as there is a spread between the current price and the buyback price. Why so much hype ? NMDC Buyback 2020. ). New Delhi: Tata Consultancy Services (TCS), the crown jewel of the Tata group, will consider a prosal to buyback its shares on Wednesday. May 17, 2017 Allotment Links, IPO Links, Latest IPO News, TCS Buyback, Share This: Facebook Twitter Google+ Pinterest Linkedin Whatsapp. Tata Consultancy Services (TCS) board of directors has approved the buyback of over 5 million equity shares worth ₹16,000 crore at the value of ₹3,000 each. Contact us: investoracademy.in@gmail.com. The Mumbai-based company's cash reserves stood at Rs 58,500 crore as of September 2020. Buyback of shares can be done either through the open market or through tender offer route. ANTONY WASTE ipo 6. Buyback entitlement mentioned is 2 out of 200. TCS Buyback Acceptance Ratio: Last year in the month of May Company announced a buyback of Rs 16,000 crore. TCS said over 53.3 million equity shares were bought back under the offer at a price of Rs 3,000 apiece and of the total, Tata Sons’ 3,33,25,118 shares were accepted under the buyback offer.The total amount utilised for the buyback offer — which opened on December 18, 2020 and closed on January 1, 2021 — was around Rs 16,000 crore, according to the filing. Latest IPO & Stock Market Updates. The quantum of the buyback is similar to the last two buyback programmes. "Board of Directors will consider a proposal for buyback of equity shares of the Company, at its meeting to be held on October 7, 2020," TCS … This is despite the fact that all of the offered shares may not be accepted. TCS has approved buyback of 1.4 5.3 crore shares at Rs 3,000, implying a total size of Rs 16,000 crore. TCS promoters hold 71.92 per […] Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly. 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