Tata Consultancy Services Limited (BSE: 532540, NSE: TCS) is an Indian multinational information technology services and consulting company headquartered in Mumbai, Maharashtra, India. TCS is the second largest Indian company by market capitalisation as of October 2020, and the only company ahead of TCS is Reliance Industries.
Its software offerings include Digital Software and Solutions, TCS BaNCS, and TCS MasterCraft, among others. It serves industries, including insurance, healthcare, retail, telecom, and others.
TCS plans to purchase of 5.33 crore shares at ₹3,000 per equity share for an aggregate amount not exceeding ₹16,000 crores. Recently Wipro has also announced its Buyback worth Rs. 9,500 crores.
TCS Buyback 2020 Details & Review
|TCS Buyback Record Date||28th November 2020|
|Buyback Type||Tender offer|
|Buyback Offer Amount:||₹ 16,000 Crores|
|Date of Board Meeting Approval||7 October 2020|
|Date of Public Announcement||7 October 2020|
|Buyback Offer Size||1.42%|
|Buyback Number of Shares||5,33,33,333|
|Price Type||Tender Offer|
|Buyback Price||₹ 3,000 Per Equity Share|
TCS Financial Report
|Particulars( in Crs)||Mar-15||Mar-16||Mar-17||Mar-18||Mar-19||Mar-20|
|Profit before tax||26,298||31,840||34,513||34,092||41,563||42,248|
|EPS in Rs||43.95||57.82||62.19||67.6||83.93||86.24|
TCS Buyback FAQs
What is TCS Buyback Price?
The company has fixed the TCS Buyback price at ₹3,000.
What is the TCS Buyback 2020 Record Date?
The company has announced 28th November 2020 as the Record Date.