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| Title | Detail |
|---|---|
| Company Name: | Tata Consultancy Services Limited |
| Buyback Type: | Tender Offer |
| Offer Amount: | ₹17000.00Cr |
| Buyback Number of Shares: | 4,09,63,855 |
| Buyback Price: | 4150 |
| Approx Entry Price: | 3609.9 |
| Promoters In: | Y |
| Record Date: | 25-11-2023 |
| Buyback Open Date: | 01-12-2023 |
| Buyback Close Date: | 07-12-2023 |
| Payment Date: | 13-12-2023 |
| Record Date Price: | - |
| Maximum Retail Quantity: | - |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | - |
| Acceptance Ratio Retail: | 1 Equity Share out of every 6 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio Retail %: | 16.67 |
| Acceptance Ratio General: | 2 Equity Share out of every 209 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 0.96 |
| Final Acceptance Ratio %: | - |
The Record Date for Tata Consultancy Services Limited Buyback offer is 25th Nov 2023
Which means you should hold the Tata Consultancy Services Limited share in your demat account by closing session of 25th Nov 2023. Share purchased on and before (25th Nov 2023) - 2 business days will be available in your demat account by 25th Nov 2023.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Tata Consultancy Services Limited shares at ₹3609.9 and buyback offer price is ₹4150, you can get ₹540.0999999999999 per accepted share. If you hold 55 shares of Tata Consultancy Services Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 18 to 28 shares with the gain from buyback of ₹9722 to ₹15123.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 18 | ₹9722 |
| 50% | 28 | ₹15123 |
| 75% | 41 | ₹22144 |
| 100% | 55 | ₹29705 |
Steps to participate in Tata Consultancy Services Limited buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for Tata Consultancy Services Limited: 1st Dec 2023
Buyback closing date for Tata Consultancy Services Limited: 7th Dec 2023
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 13th Dec 2023.
Buyback opening date for Tata Consultancy Services Limited: 1st Dec 2023
Buyback closing date for Tata Consultancy Services Limited: 7th Dec 2023
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
I have 35 shares of TCS in all my three accounts. The offer made to me by the co. is just 5 shares from each account as per my entitlement. I want to know can i apply for all the 35 shares in each account instead of 5 shares of my entitlement offered to me.
Please guide me in this matter.