TCS Buyback

Buyback is when a company decides to buy some of its listed shares back from investors. Often, buybacks can offer many short-term investment opportunities. This is because companies usually announce a buyback at a price higher than the existing market price. So, many short-term investors look to buy the shares of the company at the lower market price and submit them in the company’s buyback.

The Board of TCS in its meeting held on October 11, 2023, approved buyback of 4,09,63,855 (Four Crore Nine Lakh Sixty Three Thousand Eight Hundred Fifty Five) equity shares aggregating up to ₹17,000 crore at ₹4,150 per share. The record date to be eligible for the buyback was set as November 25, 2023.
Click here to read the company announcement.
As a shareholder, you are eligible to participate in the share buyback if you had bought shares on or before November 25, 2023.

Note: Please ensure that you tender your shares for the buyback through the buyback window. Any tender offer made post 11 am on the closing day will not be considered.

How do I apply for the TCS buyback?

The TCS buyback tender window will open on December 1, 2023 and close on December 7, 2023. You can tender the shares during this period via this page

What are the categories in which I can tender shares in buyback?

There are two categories-Retail and General through which one can tender shares in the buyback. The value of shares held in the demat account as of November 25, 2023 end-of-the-day will determine the category through which one shall be eligible to apply.

All shareholders holding not more than 57 number of shares or less will be considered under the Retail category. While those holding more than 57 number of shares will be considered under the General category.

To learn more about the buyback, click here.