Companies repurchase the shares from the open market and over the time frame at a certain time or at regular intervals. Tata Consultancy Services Limited (TCS) Board of Directors of the Company at its meeting held on 15 June 2018 has approved a proposal to buy back up to 7,61,90,476 Equity Shares (Seven crores sixty one lakh ninety thousand four hundred and seventy six only) of the Company for an aggregate amount not exceeding 16,000 crore (Rupees sixteen thousand crore only) (hereinafter … Days Trial. TCS buyback offer: Tata Sons tenders shares worth Rs 9,997 crore . They are of the opinion that TCS share price history suggests that on every share buyback announcements TCS shares rise at least 5 per cent and they are expecting it to happen today as well. TCS board to consider share buyback proposal today 15 Jun, 2018, 10.53 AM IST. Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Firstly, to be eligible for the buyback the investor should have shares of Wipro Buyback 2020 in demat or physical form as on record date [11.12.2020] 2. Delhi Airport issues advisory for passengers returning from UK; here are the details, Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Positional and Intraday Trading Calls basis Noiseless Chart, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation. The 1:1 bonus issue by TCS in June 2018 and its buyback in September 2018 brought Tata Sons a windfall of around Rs 22,500 crore in buybacks and dividend income in … Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. TCS board to consider share buyback proposal today 15 Jun, 2018, 10.53 AM IST. 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. In a late night filing TCS on Sunday said its board of directors will consider a buyback of equity shares of the company at its meeting on October 7, 2020.The company will also provide for Rs. Download The Economic Times News App to get Daily Market Updates & Live Business News. Tender offer route Meanwhile, the S&P BSE Sensex was up 223.83 points, or 0.60% to 37,779.99. Read more: TCS Q2 profit grows 6.7% to Rs 7,475 crore QoQ. TCS unveiled its tagline “Experience Certainty” in 2005.In the same year, TCS won a deal valued at $847 million (£486 Million) to provide insurance back office transaction processing services to the UK-based Pearl Group.. TCS also acquired Sydney-based Financial Network Services for approximately US$ 26 million and Chilean business process outsourcing company, Comicrom, for $23 million. Meanwhile, the S&P BSE Sensex was up 223.83 points, or 0.60% to 37,779.99. TCS buyback: Tata Sons sells shares worth Rs 10,000 crore Digital Desk. The promoter group will get Rs 11,730 crore of the nearly Rs 16,000 crore TCS will shell out of its reserves during the share buyback programme. After acquiring the company TCS started building software for a common process like financial accounting, share registry work, sales analysis, and inter-bank reconciliation, provident fund accounting, etc. The company has fixed a price of Rs 2,100/share, ~14% higher than CMP. New Delhi: India’s largest IT services firm Tata Consultancy Services (TCS) on Wednesday said its up to Rs 16,000-crore share buyback programme will commence on December 18 and close on January 1, 2021. TCS had carried out a Rs 16,000 crore buyback of 5.61 crore shares, or 3 percent of its total equity, at Rs 2,850 per equity share last year. In 2018, TCS had undertaken a share buyback of about Rs 16,000 crore, while it had conducted a similar share purchase exercise in 2017 also. 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. 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? 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. 2,850 per Equity Share. 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. India's largest IT services firm Tata Consultancy Services (TCS), on October 7, announced a share buyback proposal of Rs 16,000 crore. The buyback … and … Stock buybacks are when companies buy back their own stock, removing it from the marketplace. 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. Why follow tips? The last date of settlement of bids on the stock exchanges is Jan. 12, 2021. Earlier last year only, TCS successfully carried a share buyback program of Rs 16,000 crore which is touted as the largest share buyback so far in Indian history. It included a schedule of activities related to the buyback, which showed date of opening of the buyback offer as December 18, 2020 and closing as January 1, 2021. or medium without express writtern permission of moneycontrol.com is prohibited. TCS announces share buyback of 5.33 crore shares for Rs 16,000 crore In 2018, TCS had undertaken a share buyback programme worth up to Rs 16,000 crore. Choose your winners rationally in 3 simple steps! Stock Buyback Definition. In 2018, TCS had undertaken a share buyback programme worth up to Rs 16,000 crore. Copyright © e-Eighteen.com Ltd All rights resderved. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. TCS had carried out a Rs 16,000 crore buyback of 5.61 crore shares, or 3 percent of its total equity, at Rs 2,850 per equity share last year. The last date of settlement of bids on the stock exchanges is January 12, 2021. With … Last year, TCS had offered a special dividend and this time it is undertaking a buyback, he had noted. TCS said in a regulatory filing on Wednesday. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion, Mirae Asset Emerging Bluechip Fund Direct-Growth, ICICI Prudential Bluechip Fund Direct-Growth. 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. 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