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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