The Board of Directors of Tata Consultancy Services Ltd, at its meeting held on June 15, 2018 approved a proposal to buyback up to 76,190,476 Equity Shares of the Company for an aggregate amount not exceeding Rs 16,000 crore being 1.99% of the total paid up equity share capital, at Rs. ... including large IT companies such as TCS… The Board of Directors of Tata Consultancy Services Ltd, at its meeting held on February 20, 2017 has approved a proposal to buyback up to 5,61,40,351 Equity Shares (Five crore sixty one lakh forty thousand three hundred and fifty one only) of the Company for an aggregate amount not exceeding Rs 16,000 crore, being 2.85% of the total paid up equity share capital, at Rs. Days Trial. In 2017, TCS successfully carried a share buyback programme of Rs 16,000 crore which was then touted as the largest share buyback in Indian capital market history. TCS acquired company name ICL 1903 in 1970. Company buyback shares with cash in hand or can fund buyback by taking debt as well. Check out the latest share buyback in 2020 with buyback price and record date. For reprint rights: Inciting hatred against a certain community, 15 Copyright © e-Eighteen.com Ltd All rights resderved. and … Event Details. The last date of settlement of bids on the stock exchanges is January 12, 2021. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. The company has fixed a price of Rs 2,100/share, ~14% higher than CMP. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. … A buyback essentially is a scheme by which a company repurchases a certain amount of its outstanding shares. The announcement was made on Saturday, 4 August 2018. With … India's largest IT services firm Tata Consultancy Services (TCS), on October 7, announced a share buyback proposal of Rs 16,000 crore. Once you have shares in demat, you can participate in the buyback process which is opening from [29.12.2020 to 11.01.2021] by selling your shares through your broker on NSE or BSE. TCS said in a regulatory filing on Wednesday. 15 The announcement was made on Saturday, 4 August 2018. Last month, TCS shareholders had approved a proposal to buy back up to 5,33,33,333 equity shares of the company at Rs 3,000 per scrip for an aggregate amount not … TCS said in a regulatory filing on Wednesday. Companies repurchase the shares from the open market and over the time frame at a certain time or at regular intervals. Tender offer route TCS has decided to buyback upto 5,33,33,333 equity shares and the floor price for this offer has been fixed at Rs 3,000 per share. India’s largest IT services firm Tata Consultancy Services (TCS) on Wednesday said its up to ₹16,000-crore share buy-back programme will commence on … Meanwhile, the S&P BSE Sensex was up 223.83 points, or 0.60% to 37,779.99. Register now! 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 … TCS rose 0.59% to Rs 1989.05 at 9:29 IST on BSE after the company set 18 August 2018 as the record date for the buyback offer. Join us at ‘The Sustainability 100+ Dialogues 2021’ as Network18 and AB InBev bring together India's sharpest minds to shape a better world on Jan 11th 2021. TCS buyback: Tata Sons sells shares worth Rs 10,000 crore Digital Desk. On Friday, Tata Consultancy Services reported a consolidated net profit of Rs 8,701 crore for the December-ended quarter, a 16.4% jump from the previous quarter and a … Reproduction of news articles, photos, videos or any other content in whole or in part in any form They said that TCS share price in immediate short-term will hit Rs 2,900 per stock levels. Tata Sons, the holding company of salt-to-software Tata Group, has raised about Rs 10,000 crore from selling close to 1 per cent holding in Tata Consultancy Services … TCS buyback: Tata Sons sells shares worth Rs 10,000 crore Digital Desk. Mumbai: Tata Consultancy Services Ltd (TCS) said on Monday that it would buy back shares worth Rs16,000 crore at a fixed price of Rs2,850 each. In the recently concluded buyback, Tata Sons tendered shares worth Rs 10,000 crore of Tata Consultancy Services. Choose your winners rationally in 3 simple steps! ... “Activa has now created a new first as the only scooter brand in the history of Indian two-wheeler industry to achieve 2.5 crore customers-mark,” Honda Motorcycle & Scooter India (HMSI) said in a statement. It will buy back upto 76.19 mn shares i.e. TCS board to consider share buyback proposal today 15 Jun, 2018, 10.53 AM IST. Reason why educators are using this for assessment, Rakesh Jhunjhunwala's Rs 7,600 crore bet paying off as Titan's growth phase kicks in, Elon Musk surpasses Jeff Bezos as world’s richest person, Over 3-5 years, Reliance can beat Sensex, Nifty, Is YES Bank's turnaround story complete? It included a schedule of activities related to the buyback, which showed date of opening of the buyback offer as Dec. 18, 2020 and closing as Jan. 1, 2021. Points, or 0.60 % to Rs 7,475 crore QoQ crore of Tata Consultancy Services News App to Daily... Buyback offer: Tata Sons sells shares worth Rs 9,997 crore the Market! 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