TCS Buyback – Key Details for buyback

TCS BUY BACK – Key Details for BUY BACK –

TCS Buyback – Key Details

TCS Buyback – TCS has once again come up with a buyback with a spread of 22% from CMP.

• ⦁ Offer Price: INR 4,500/share (Spread of 22% from CMP).
• ⦁ Offer Size: 1.08% (4,00,00,000 Shares).
• ⦁ Offer Size (Value): INR 180 billion.
• ⦁ Date of Board Meeting: 12-Jan-22.
• ⦁ Record Date: 23- Feb-22

• ⦁ TCS has fixed February 23, 2022 (Wednesday), as the Record Date
• ⦁ For Retail investors’ acceptance could be lower around 40%-50% vs 100% in previous buybacks
• ⦁ The last 3 buybacks stock has given returns of 10-12% post-ex-date of buyback.

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