TCS Buyback 2020 Review – Record Date, Price, and Details

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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.

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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 Date28th November 2020
Buyback TypeTender offer
Buyback Offer Amount:₹ 16,000 Crores
Date of Board Meeting Approval7 October 2020
Date of Public Announcement7 October 2020
Buyback Offer Size1.42%
Buyback Number of Shares5,33,33,333
Price TypeTender Offer
Face Value10
Buyback Price₹ 3,000 Per Equity Share

TCS Financial Report

Particulars( in Crs)Mar-15Mar-16Mar-17Mar-18Mar-19Mar-20
Sales94,6481,08,6461,17,9661,23,1041,46,4631,56,949
Expenses70,16777,96985,65590,5881,06,9571,14,840
Operating Profit24,48230,67732,31132,51639,50642,109
OPM %26%28%27%26%27%27%
Other Income3,7203,0844,2213,6424,3114,592
Interest104333252198924
Depreciation1,7991,8881,9872,0142,0563,529
Profit before tax26,29831,84034,51334,09241,56342,248
Tax %24%24%24%24%24%23%
Net Profit19,85224,27026,28925,82631,47232,340
EPS in Rs43.9557.8262.1967.683.9386.24
Source: Screener.in

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.

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