TCS BUYBACK
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Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities ended mixed on Thursday as Sensex slipped 22 points after sharp volatility during the closing auction session, while Nifty gained 53 points. Mid- and small-caps outperformed, with capital goods, industrial, defence, power and healthcare stocks attracting buying interest.
TCS buyback begins: Should you tender shares in Rs 17,000-crore offer?
While the buyback entitlement for small investors, as defined by those with investments up to Rs 2 lakh, was fixed at 17%, the final acceptance ratio is expected to be around 30-35% in the category as not all shareholders participate in the buyback. The acceptance ratio has been 100% during the previous buybacks in 2017, 2018, and 2020. However, the acceptance ratio was around 24% during the last buyback in 2022.
TCS announces share buyback dates, retail entitlement fixed at 17%
The buyback will remain open for tendering till December 7. For small shareholders, as defined by those with investments less than Rs 2 lakh, the entitlement ratio has been fixed at 1 equity share for every 6 shares held on the record date (i.e. November 25). The ratio comes to about 17%.
TCS buyback: Rs 17,000-crore offer can generate double-digit returns in short term
At a board meeting last month, India's largest software services exporter had approved a proposal to buyback up to 4,09,63,855 equity shares of the company for Rs 17,000 crore, representing 1.12% of the total paid-up equity share capital, at Rs 4,150 per share.
Retail investors can earn 5-17% over 3 months via TCS buyback
The country's largest software services exporter announced a ₹17,000 crore share buyback, where it will acquire 40.9 million shares at ₹4,150 per share, at a premium of 17.5% to its Thursday closing price of ₹3,542. Investors can tender the shares in the buyback to benefit from an arbitrage opportunity.
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TCS announces Rs 17,000 crore-share buyback scheme
Following a board meeting to consider its Q2 results, TCS said the board has approved a proposal to buyback 4.09 crore shares for an aggregate amount not exceeding Rs 17,000 crore, representing 1.12% of the total paid-up equity share capital of the company.
Breaking down IT's earnings season and buyback bonanza
“The challenges which the IT companies had still continue. They have worked very hard to ensure the cost escalation does not happen. They have also worked towards gaining large orders.”
TCS board to consider share buyback on October 11
Alongside the share buyback proposal, the board will also consider and approve the earnings for the quarter and the six months ended September.
TCS buyback offer: Acceptance ratio at 26%, lower than expected
For every 50 shares, the company will accept 13 shares, ET Now said. The lower acceptance ratio is because more people tendered their shares that the market was expecting.
TCS' Rs 18,000 crore buyback offer subscribed 7.5 times
Analysts said there was a spike in shareholder participation in the buyback following the weakening of the share price. The stock had fallen as much as 15% from its 52-week high of ₹4,045.50 on January 18. It has, however, recovered some of its losses.
TCS share buyback opens today; stock up 1%
The IT major had scheduled its mega buyback of equity shares worth Rs 18,000 crore to open on March 9, where the company will continue accepting shares till March 23.
TCS share buyback to begin on March 9: All you need to know
TCS plans to buy back 4 crore shares at Rs 4,500 per share, which is at 28 per cent premium to Friday's closing price.
TCS buyback: Is it a no-brainer trading opportunity?
On January 12, the board of Tata Consultancy Services had approved a buyback of 4 crore shares or 1.1 per cent of its equity at a price of Rs 4,500 per share.
TCS slumps 2% ahead of Rs 18,000 crore share buyback
Trading in TCS shares started on a positive note on Monday. However, the scrip slipped into the red in tandem with the benchmark indices.
TCS adds 2% as co fixes record date for buyback; should you buy shares now?
The IT sector giant had announced buyback of up to 4 crore equity shares spending Rs 18,000 crore. About 15 per cent of the offer is reserved for retail shareholders
TCS buyback: Retail investors can buy now and tender for a quick 10-20% gain
The software services giant has announced it will buy back four crore shares at ₹4,500 apiece. The buyback price is at a premium of 20% over TCS's Monday closing price of ₹3,744. The buyback is through the tender offer route. Out of the four crore shares that will be bought back, 60 lakh shares or 15% of the buyback is reserved for retail shareholders holding shares worth less than ₹2 lakh on the record date, which is yet to be announced.
TCS announces buyback at Rs 4,500/share, a premium of 17%
“The buyback is proposed to be made from the shareholders of the Company on a proportionate basis under the tender offer route using the stock exchange mechanism. The buyback size does not include transaction costs, applicable taxes and other incidental and related expenses,” the company said in a statement.
TCS announces its biggest share buyback in at least five years
The board of Tata Consultancy Services (TCS) has recommended a Rs 18,000-crore share buyback—the fourth and biggest such exercise by India’s largest IT services firm in the past five years—at Rs 4,500 apiece.
TCS board to consider share buyback on Jan 12
Last year, TCS had bought back shares for ₹16,000 crore in which group holding firm Tata Sons rendered shares worth around ₹10,000 crore.
TCS buyback offer: Tata Sons tenders shares worth Rs 9,997 crore
TCS’ parent Tata Sons tendered more than 3.33 crore shares worth Rs 9,997.5 crore in the offer.
Tata Sons’ stake in TCS may fall post buyback
Shares of TCS, the country’s largest software exporter, rose 3.19 per cent to close at Rs 2,824.80 on Thursday on better-than-expected second quarter results. Most analysts are projecting a price target of Rs 3,300-4,000 on TCS in the foreseeable future.
Is TCS share buyback aimed at pumping money into parent?
Analysts and investors are wondering whether the country’s second-largest company by market value is buying back shares at this juncture only to indicate a rosy outlook or to pump money into its parent, Tata Sons, in a more tax-efficient way.
TCS to consider share buyback on Wednesday: What analysts say
Kotak Institutional Equities has pegged the buyback size anywhere in the Rs 8,900-22,000 crore range, which is 0.8-2.2 per cent of the prevailing market capitalisation of the stock. TCS had cash reserves of Rs 73,993 crore in March 2020.
Tata Sons to sell shares worth Rs 11,500 crore in TCS buyback
TCS had earlier said that it would buy back over 7.6 crore shares at a price of Rs 2,100 each.
Derivatives strategy on TCS buyback
TCS board on June 15 has announced a Rs 16,000 crore buyback.
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