Tata Consultancy Services Limited (TCS) BuyBack June 2018
(i) Tata Consultancy Services Limited (TCS) Board of Directors of the Company at its meeting held on 15 June 2018 has approved a proposal to buy back up to 7,61,90,476 Equity Shares (Seven crores sixty one lakh ninety thousand four hundred and seventy six only) of the Company for an aggregate amount not exceeding 16,000 crore (Rupees sixteen thousand crore only) (hereinafter referred to as the “Buyback Size”) being 1.99% of the total paid up equity share capital, at Rs.2100 (Rupees two thousand one hundred only) per Equity Share (hereinafter referred to as the “Buyback Price”).
(ii) Tata Consultancy Services Limited (TCS) is engaged in providing information technology (IT) services, digital and business solutions. The Company’s segments include banking, finance and insurance services (BFSI); manufacturing; retail and consumer packaged goods (CPG); telecom, media and entertainment, and others, such as energy, resources and utilities, hi-tech, life science and healthcare, s-Governance, travel, transportation and hospitality, and other products. Its services portfolio consists of IT and assurance services, business intelligence and performance management, business process services, cloud services, connected marketing solutions, consulting, engineering and industrial services, enterprise solutions, IT infrastructure services, mobility products and services and platform solutions. Its software offerings include Digital Software and Solutions, TCS BaNCS and TCS MasterCraft, among others. It serves industries, including insurance, healthcare, retail, telecom and others.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Aug 18 2018|
|Buyback Opening Date:||Sep 06 2018|
|Buyback Closing Date:||Sep 21 2018|
|Buyback Offer Amount:||₹ 16,000 Cr|
|Date of Board Meeting approving the proposal:||Jun 12 2018|
|Date of Public Announcement:||Jun 12 2018|
|Buyback Offer Size:||1.99%|
|Buyback Number of Shares:||76,190,476|
|Buyback Price:||₹ 2100 Per Equity Share|
Details of Buyback:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||175750||175750||175750||175750|
|No. of Shares buyback||32||48||72||95|