Tata Consultancy Services Limited Buyback 2023
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 55 years. Its consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions is delivered through its unique Location Independent AgileTM delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India’s largest multinational business group, TCS has over 614,000 of the world’s besttrained consultants in 55 countries. The company generated consolidated revenues of US $27.9 billion in the fiscal year ended March 31, 2023 and is listed on the BSE and the NSE in India.
TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Nov 25 2023|
|Buyback Opening Date:||Dec 01 2023|
|Buyback Closing Date:||Dec 07 2023|
|Buyback Offer Amount:||₹ 17,000 Cr|
|Date of Board Meeting approving the proposal:||Oct 11 2023|
|Date of Public Announcement:||Oct 11 2023|
|Buyback Offer Size:||1.12%|
|Buyback Number of Shares:||4,09,63,855|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 4,150 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (In Cr)||Mar 2019||Mar 2020||Mar 2021||Mar 2022||Mar 2023|
|Profit before tax||41,563||42,248||43,760||51,687||56,907|
|EPS in Rs||83.87||86.19||87.67||104.75||115.19|
Dividend Payout %
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||173424||173424||173424||173424|
|No. of Shares Buyback||16||24||36||48|