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 … 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. 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. 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. This is despite the fact that all of the offered shares may not be accepted. Those who are holding TCS shares, can check their entitlement for Buyback offer through this link Click here to check your status . ANTONY WASTE ipo 6. TCS IPO in 2004 was at a price of Rs850. TCS Buyback 2020. February 20, 2017 Buyback News, Buyback Offers, Buyback offers in 2017, Buyback price, TCS Buyback, Share This: Facebook Twitter Google+ Pinterest Linkedin Whatsapp. Subsequently, it issued bonuses in the ratio of 1:1 in the years 2006, 2009 and 2018. 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. ANTONY WASTE IPO issue 3. We expect TCS’s buyback to have an acceptance ratio of more than 35% for retail investors. Why so much hype ? Buyback entitlement mentioned is 2 out of 200. We provide you with the latest news and videos straight from the finance industry. They ensure the highest levels of certainty and satisfaction through a deep-set commitment to our clients, comprehensive industry expertise and a … TCS CEO and Managing Director Rajesh Gopinathan had earlier said the company is focused on its policy to return capital to shareholders. TCS BUYBACK 2020 | LATEST TCS NEWS | TCS BUY BACK RECORD DATE | TCS DIVIDEND & BUYBACK PRICE. TCS' smaller rival Wipro has also announced an up to Rs 9,500-crore buyback plan at Rs 400 per equity share. Hope the acceptance ratio will be minimum 70%. The TCS buyback was always on the cards, especially after the $3.2 billion buyback announced by Cognizant. 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 ANTONY WASTE ipo 2. Last year acceptance ratio was 100%, so if this time you may expect acceptance ratio of 80%, means if you have 10 shares then the company will buyback 8 shares. The Mumbai-based company's cash reserves stood at Rs 58,500 crore as of September 2020. TCS promoters hold 71.92 per […] 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 Buyback Open Date. Wipro Buyback 2020. ... Investor Academy is your Financial Guide. 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 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. After last year TCS buyback offer, the stock has moved nearly 50% upside. As the single largest of … 5) An investment of Rs 850 in TCS IPO in 2004, would have earned a total dividend income of Rs 733.5 by now. May 17, 2017 Allotment Links, IPO Links, Latest IPO News, TCS Buyback, Share This: Facebook Twitter Google+ Pinterest Linkedin Whatsapp. Buy now! 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. Buyback . I am having 23 shares and received buyback entitlement of 9 shares from TCS. 160 bn (max. TCS’ smaller rival Wipro has also announced a buyback plan for up to Rs 9,500-crore at Rs 400 per equity share. This move utilizes a little over 40% of its cash pile of Rs.39,000 crore. 16000 crore. TCS ₹ 16,000-crore buyback offer opens today, share hits all-time high 1 min read TCS' Rs16,000cr buyback gets oversubscribed by 2.75 times TCS had launched its share buyback plan from December 18, 2020 - January 01, 2021. Contact us: investoracademy.in@gmail.com. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly. The offer, as per the schedule, will close on January 1, 2021. ANTONY WASTE IPO ISSUE PRICE 4. TCS Buyback Acceptance Ratio: Last year in the month of May Company announced a buyback of Rs 16,000 crore. Details on the buyback of the 2 companies: TCS: Buyback size- Rs. ANTONY WASTE IPO ISSUE DATA LATEST NEWS 5. New Delhi: Tata Consultancy Services (TCS), the crown jewel of the Tata group, will consider a prosal to buyback its shares on Wednesday. TCS has decided to buyback up to 5.33 crore equity fully paid-up equity shares having a face value of Re 1 each. Latest IPO & Stock Market Updates. During Tata Consultancy Services (TCS) Rs 16,000 crore-buyback offer that concluded recently, Tata Sons tendered shares worth Rs 9,997 crore. It was, therefore, hardly a surprise when TCS announces its Rs.16,000 crore buyback amounting to 2.85% of the paid up capital. About TCS Ltd Buyback. ANTONY WASTE HANDLING … Steps to participate in TCS buyback: On Record date (28th Nov 2020) you must have share of TCS in your demat account/physical form. "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 … Buyback opens- December 18 and will close on January 1, 2021 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. Buyback of shares can be done either through the open market or through tender offer route. Based on this assumption, retail investors can buy 95 shares, assuming stock price remains at or below Rs.2100 on the record date. 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. Share in your DP account usually take T+2 days, so you need to plan your buying accordingly %! 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