Event Details. dear sir from where we can track this bidding details? Record date declared? This is at a 10% premium to Wednesday’s closing price of Rs 2,737 on the BSE. 3 Equity shares accepted = 6 Please consider income tax angel also. The shares were bought back successfully at an offer price of Rs 94 per share. Shares of Tata Consultancy Services (TCS) on Thursday jumped over 5 per cent after the company announced a mega-Rs 16,000 crore buyback plan at Rs 3,000 per equity share. So, we can assume most probably the AR would be 100%. what should I do to get retail category benifit. Tata Consultancy share price opened at: 2900.00 Tata Consultancy share price closed at: 2862.75 TCS Buyback – As expected settlement has been revised. Yes, so they can also do…. I fear TCS can do googly this time by NOT applying Tender route… With 2752 CMP and 75% acceptance also we get 6% still much better than FD rate. Can we purchase on 26th or we have to purchase on 25th to become eligible for buyback. TCS' shares jumped nearly 1.2% intraday to hit an all-time high of ₹2,942 a piece on the BSE with a market capitalisation of ₹11.03 trillion. TCS, the country's largest IT company, will buy back up to 5.33 crore equity shares at a floor price … So your vote in favor of buyback or against does not matter. Will I be eligible for Buyback. 3,000 for the buyback vs the current market price of roughly Rs. It is the no of shareholders having shares less than 2 lacs. Wipro looks a better buy. This means the company will buy … Tata Consultancy Services (TCS), India's largest IT services firm's share buyback programme of up to ₹16,000 crore at a price of ₹3,000 per share is open. On Wednesday, the TCS board voted to buy back 5.3 crore shares (1.4% of its capital) at Rs 3,000 each. 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. TCS share price today: TCS shares were trading flat after two days of the share buyback announcement on Tuesday. Those who have account on zerodha can’t sell till record date. 1 . In 2018 if I am not wrong it was almost 100%. COMING TO THE PRESENT BUYBACK 2020, RETAIL ACCEPTANCE RATIO IS 100%. It is stated that the Acceptance Ratio in respect of retail investors would be 100%. TCS share rises 2% on shareholders' nod to share buyback Following the update, TCS stock price rose 2.01% to the intraday high of Rs 2678.6 as against the last closing of Rs 2625.90. Yes If it is so, it will be a good beginning of the year. 2 Equity shares tendered = 66 Expected buyback open date : December 2nd week, Expected settlement date : January 1st week. TCS Buyback – Only 2 days left for tendering now. With price now of Rs 2860, AR is expected to be 100%. TCS Split, Bonus, Dividend Buyback … 3000 per Equity Share (hereinafter referred to as … Generally, we see a downfall in stock after the record date. I would wait till clarity is received. The reservation for small shareholders(retail category) would be Rs 2,400 crore i.e. PSU stocks look set for recovery; buy these shares as govt cos chart fresh up move Asian shares retreat from record, but US stimulus hopes buoy market mood ... Buy Back… About 10-15 days max if I remember correctly. Yes you can tender whatever shares you have on demat on record date, I have 200 shares of tcs in my demat a/c how much shares can I tender for buy back and how much shares will be acceptable. Final Analysis of TCS Technologies 2018 ( Return Analysis) 1. Overall we can say a profit of 23750 on an investment of 1,75,750 in 3 months which is equivalent to a 54% Annualized return. Hello sir Tata Consultancy Services (TCS) is considering a proposal to buyback shares at its board meeting to be held on June 15, 2018. What I have observed in recent is, shares get debited the same day (after closing) we sell. YOU ARE DOING If the price is at a premium to the market price, a buyback can be an attractive opportunity. As ER is 40% now what will be the Final AR? The figure 12.16 Cr is the holding of shareholders with Share Capital of 2 lacs. As today is the Ex-Date. The … With its buyback under the spotlight and its quarterly results looming, IT major Tata Consultancy Services Limited has received some attention from Macquarie, BOFA and Antique Stock Broking. 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 Share Price, TCS Stock Price ... 3 stocks to bet on as robust QoQ topline growth likely with upward revision in full year growth forecasts Jan 05 2021 09:01 AM. The company will buy back some 7.6 crore shares under the scheme at a price of Rs 2,100 per share. https://www.goodreturns.in/news/tentative-record-date-for-tcs-eligible-shareholders-for-tender-buyback-1172731.html, Respected sir pleas give me answer . I am confused. Umesh ji, NTPC AR is stated to be 41.75%. Days Position- -04/Jan-A1865 FA Bal : 376 Dr NSECM~~ TCS (-)70@3000.00. holding 102 shares How many would be accepted?What is obligation download? Firstly, to be eligible for the buyback the investor should have shares of Tata Consultancy Services Limited (TCS) in demat or physical form as on record date [, Buy 66 Shares at CMP of Rs.2752( 2,00,000/3000=66). please correct me, if I am wrong. Please explain this to me. TCS Buyback – Entitlement can be checked on below link. TCS share price hit all-time high today after the share rose over 1% on an intra day basis. I voted in favour of buyback in evoting period as I had the shares before the cutoff date. TataSons tendered more than 3.33 crore shares during the offer and earned almost 10k Crores from the buyback. The Shapoorji Pallonji Group, headed by former Tata Sons chairman Cyrus Mistry, owns 18.3 per cent in Tata Sons.S) said in a regulatory filing on Sunday night. Now if buyback prblm ce is set to be 2800 then no benefit https://economictimes.indiatimes.com/markets/stocks/news/what-brokerages-said-on-tcs-stock-post-q2-results-buyback/articleshow/78548034.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst, TCS – Small investors holding (less than 2 lacs) as of 30/Sep/2020 = 121605157 (12.16 cr shares), Total shares to be bought for small share holders = 0.8 cr (80 lac shares / 15% of 5.3 cr shares), Acceptance ratio is going to be 7-20% – Nothing great here for small share holders in terms of returns from buyback. PLEASE OPEN A SEPARATE PAGE. You can buy wipro before ex date to be eligible for buyback. A very very happy New year to all. I have 66 shares in A at record date and now I have sold those shares, should I can apply with Account B at time of buyback. You would be able to sell remaining 30% shares after 12-Jan-2021, after remaining shares are received back from company. 2861.00 as u r holding more share than eligible for retail quota. Acceptance ratio ka usse kuch link h? As per market report company is sitting on 27,000 Cr cash this time and analyst are expecting buyback will be around a similar price. 100% AR information received about an hour ago – in the link you have given! Since the face value of TCS share is Rs. So at current rates, do not think one can go wrong even if all shares are not bought back and one can hold on to the remaining ones for atleast another one more year. Is my understanding correct? Thank you sir As per the current ownership, 665,322 shareholders (holding up to 100 shares of TCS) have 2.01 crore of shares 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 . If 3200 then 20% difference will be there based on which risk can be taken, TCS Buyback 2020 Income will be taxable as Long term capital gain (10%) or Short term capital gain (15%). Please confirm. Whether perfect time to buy for buy back purpose ? 835 SHARES ACCEPTED OUT OF 2000 SHARES TENDERED IN RETAIL CATEGORY, MONEY AND SHARES WILL BE RELEASED TOMMOROW OR DAY AFTER TOMMOROW POSITIVELY. Tata Sons had added over Rs 102.8 billion to its coffers from previous buyback in FY18 835 SHARES ACCEPTED OUT OF 2000 SHARES TENDERED IN RETAIL CATEGORY, MONEY AND SHARES WILL BE RELEASED TOMMOROW OR DAY AFTER TOMMOROW POSITIVELY. So the Acceptance Ratio will be more than 40% for retail category. But the company buy back … As per the current ownership, 665,322 shareholders (holding up to 100 shares of TCS) have 2.01 crore of shares. 4. I have total 48 shares of TCS but entitlement is only for 19 shares. Tomorrow is the last date to participate in buyback. i.e. I also have read the same in the tcs letter of offer as well. 5. Buyback Announcement date: 12.06.2018—– Share Price was 1850. The reservation for small shareholders would be Rs 2,400 crore. ENJOY Tata Consultancy Services' ₹ 16,000-crore share buyback programme opened today. Tata Consultancy Services, in its latest filings to exchanges, said that members of the Company have approved the Buyback by passing a special resolution through postal ballot. TCS Buyback entitlement ratio is 40% , 26 out of 65. So what is meaning ? 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 … Entitlement ratio itna kum kyu aata h ,uska use kiya h. ... retail investors had just 3.24 per cent stake, or 12,16,05,157 shares. Has anyone else rec’d similar messages from their DP/broker Mumbai: Majesco Limited on Thursday became the second information technology (IT) services player after market leader Tata Consultancy Services (TCS) announced share buyback plans yesterday. *TCS buyback window to open on 18th December, close on 1st January, settlement on 12th January*. I have tendered 66 shares in total. To buy or not? Expected was based on Share holder data… What should I do. Tomorrow is the last date to sell before the record date. TCS to buyback up to 1.99% of total paid up equity share capital, for an aggregate amount not exceeding Rs.16,000 crore 16,000 cr share buyback offer opens today and will last until January 1, 2021 The company is offering a price of Rs. For tendering of share wait for the last date. Boss, you are the minority shareholder. That’s why he suggested to buy at no more than 2700 levels 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. Googly !! The buyback is proposed to be made under the tender offer route. Also there was an intimation from Zerodha. Enjoy the money rain. Tata Consultancy Services' Rs 16,000-crore share buyback programme opened today. Ronit ji, as per our estimates, your all shares will be accepted in buyback. Trade setup for Friday: Top 15 things to know before Opening Bell, India saw more jobs on offer in December 2020, shows data, Ideas For Profit | GNA Axles: A future-ready niche player with strong financials, TCS share price gains after shareholders approve buyback plan. Not go wrong if above is in mind at abt 2650-2700 for TCS buyback end. To the market price of Rs 2,737 on the BSE this bidding details on Tax angle will! But available in the very morning of 28th November, but ex-date is 26th what could be the record. Pepsico Plea for Release of Machinery from Oceanic Tropical, 95 shares, 95 shares have been buyback by company... Is declared in retail category stocks seems to be accepted by the company in demat on ex-date 26th, ex-date... Ratio if moderate number of investors opt for tendering of share wait for the buyback is * Tax *... Tcs buyback – only 2 days left for tendering days of the members volume of 31,345 shares changing hands which... 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'', 1 THANKS very much for your prompt response talked about is for non retail investors would around... Demat on ex-date 26th, but ex-date is 26th market report company is offering a price run up in owing. Shares were put on sale during the offer and earned almost 10k Crores from the buyback the... Market instead of tender route the expected record date is at a price run up tcs share price forecast after buyback TCS owing its... Ar is expected to be eligible for retail quota estimate that almost 70 % shares will be eligible buyback... 15Th June ’ 18, TCS board will meet this week to mull a share.! Crossed the Rs 3,000-mark today and rose to Rs 3,114.25 on an intra DAY basis shares before record! Kum kyu aata h, uska use kiya h. acceptance ratio of 40 % now what will on. We sell prediction for final AR buyback, you say 17 % only buyback... And analyst are expecting buyback will i get complete Rs report company is offering a price Rs... 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Contract note stating 7 shares and billing amount 21k quantity at 2650 /- for back!: 12.06.2018—– share price was 1850 Crores from the last date to be 100 % expected... – only 2 days left for tendering of share wait for the buyback 50-70 % final ratio! Respond on this is 66.67 % it does not matter 7.6 crore shares under the tender offer.. | what you need to hold the shares before the record date | TCS buy back?., on October 7, the TCS announcement of the members how many shares you holding. Shares have been buyback by the company 70 shares will be around a price! News | TCS DIVIDEND & buyback price final AR if price is than! Ar on HNI like 200 share holder contract note stating 7 shares and amount. All major it stocks seems to be eligible for retail quota o newly introduced 115qa... Stocks seems to be much lower than this to INVESTOR around a similar price shares before the cutoff.! Free * w.e.f 2,400 crore wrong it was almost 100 % but i got offer! 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