Tomorrow is the last date to participate in buyback. If price remains in range of 2650, at the time of tendering the shares, then acceptance ratio could be about 50% but if price is abt 2800, then acceptance is likely to be 100%. Notably, TCS board will meet this week to mull a share buyback proposal. " please correct me, if I am wrong. "msn back to msn home money. The company plans to buy back 5.33 crore equity shares at Rs 3,000 per equity share not exceeding Rs 16,000 crore. TCS plans share buyback, m-cap crosses Rs 10 lakh-crore mark Tata Sons, the holding company of the Tata Group, holds 72 per cent stake in TCS. TataSons tendered more than 3.33 crore shares during the offer and earned almost 10k Crores from the buyback. dear sir from where we can track this bidding details? At the share buyback, TCS said over 53.3 million equity shares were bought back at a price of Rs 3,000 apiece and of the total, Tata Sons' 3,33,25,118 shares were accepted as part of the offer. Entitlement ratio is minimum considering if everyone will holding share will apply for it. how much share i have to tender in buyback? I want to participate in buyback offer as retail category using 65 shares and remaining shares which I will purchase now will be used for long term without disturbing my 65 shares for buyback purpose. TCS Buyback – Entitlement can be checked on below link. On Friday, shares of Tata Consultancy Services (TCS) rose 2% to hit a 52-week high of Rs 2,894 apiece as companys Rs 16,000 crore share buyback offer opened for investors. Tata Consultancy Services Ltd. surged to a record high after the Indian giant announced a share buyback of as much as 160 billion rupees ($2.2 billion) and … For Buyback Rs 20000 is the market price for retail, while the share holder data consider equity value of Rs 200000. If price is less than 3000, tender all the share. FD interest rate is yearly. Tata Consultancy Services share price gained 2 per cent to hit a new 52-week high of Rs 2,892.75 apiece as the company’s Rs 16,000 crore share buyback offer opened today. 5 Reason for rejection, if any = Acceptance on proportionate basis. TCS share price today: TCS shares were trading flat after two days of the share buyback announcement on Tuesday. So what is meaning ? Can we purchase on 26th or we have to purchase on 25th to become eligible for buyback. Stock listed under IT Consulting & Software. What if I have two demat account in A & B. Not sure on the research but the last time tcs came with buyback the AR was 100%…but the reason was that the share was almost near its buyback price and many didn’t tender…looks like the same might happen this time as well! TCS BUYBACK 2020 | LATEST TCS NEWS | TCS BUY BACK RECORD DATE | TCS DIVIDEND & BUYBACK PRICE. It is stated that the Acceptance Ratio in respect of retail investors would be 100%. Also will the amount be directly credited to my bank account and is it confirmed that acceptance ratio is 100 per cent Both Long Term And Short Term Capital Gains are Exempted? That’s why he suggested to buy at no more than 2700 levels The Board of Directors of Tata Consultancy Services Ltd, at its meeting held on June 15, 2018 has approved a proposal to buyback up to 76,190,476 Equity Shares (Seven crore sixty one lakh ninety thousand four hundred and seventy six only) of the Company for an aggregate amount not exceeding Rs 16,000 crore (Rupees Sixteen Thousand crore only), being 1.99% of the total paid up … Has anyone else rec’d similar messages from their DP/broker Posted on June 13, 2018. TCS is a good buy at around 2600 & Wipro is a good buy at around 330 in my opinion. Thanks. A very very happy New year to all. Now if buyback prblm ce is set to be 2800 then no benefit With recent buybacks as well, all major IT stocks are at all-time highs. Which is a safer bet right now PLS SHARE EXPECTED ACCEPTANCE RATIO, Wipro Buyback offer date announced:- It serves industries, including insurance, healthcare, retail, telecom and others, Click here to login/signup to join the discussion*, ⭐⭐⭐⭐⭐ Most Influential Member (3011 Posts). Share holders with Share value less than 2 lacs will be much lower than this. Tata Consultancy forecast & share price targets are here or Tata Consultancy share price targets and TCS Tata Consultancy tomorrow's movements predictions are here or Announcements & NEWS by Tata Consultancy . Sunday, December 20, 2020. Also has dates of the last buyback processes that happened. NSE = 12.31 Lakh Just focus on participation in the buyback. I think you are eligible for buyback of TCS. TCS Share Price Outlook after Buyback Proposal on Board. Price when posted : NSE: Rs. With 2752 CMP and 75% acceptance also we get 6% still much better than FD rate. Dear sir, Tata Consultancy Services (TCS), India's largest IT services firm's share buyback programme of up to ₹16,000 crore at a price. This time analyst is proposing buyback price in 2100 to 2200 price range. Tata Consultancy Services (TCS) share price was up a percent at open on November 19 after the company set a record date of buyback plan. Small shareholders owning shares as on the record date of Rs 2 lakh or less will get reservation in the buyback offers to the extent of 15 per cent of the buyback size. The expected return of 6% plus is for the period of holding share from buyback announcement to completion of buyback, which is usually 3 to 4 Months. 95 Shares bought at Rs. TCS Share Price: At 9:50 am, TCS shares traded 4.44 per cent higher at Rs 2,858.95 on the bourse, outperforming the benchmark Sensex index which was up 1.22 per cent. But, that may not be the case, and how! By Aishwarya Nandan. After getting the necessary approvals for the buyback, companies send a letter of offer, along with a tender form, to all eligible shareholders (as on record date), through post or e-mail. NTPC ACCEPTANCE RATIO IS 41.75% I.E. So far, this year, the scrip has surged 36% And what will happen if i tender 66 shares which are on record date but my demat has now 50% share means 33 shares?Can someone guide on this? Wipro looks a better buy. India's largest IT services firm, on October 7, announced a share buyback proposal of Rs 16,000 crore. India's largest IT services firm Tata Consultancy Services (TCS) on Wednesday said its up to Rs 16,000-crore share buyback programme will commence on December 18 … Yes theoretically you are right, the entitlement ratio is around 8% however since many don’t end up giving in buyback (awareness, lazy or long term investors) hence acceptance ratio is normally much higher. 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