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. 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. 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. 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. Read stories listed under on TCS buyback offer. Last year, TCS had offered a special dividend and this time it is undertaking a buyback, he had noted. Meanwhile, the S&P BSE Sensex was up 223.83 points, or 0.60% to 37,779.99. 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. ... “Activa has now created a new first as the only scooter brand in the history of Indian two-wheeler industry to achieve 2.5 crore customers-mark,” Honda Motorcycle & Scooter India (HMSI) said in a statement. 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. This will alert our moderators to take action. Check out the latest share buyback in 2020 with buyback price and record date. Coronavirus Essential | States conduct second dry run for vaccinations; Pfizer vaccine appears effective against new COVID-19 variants, says study. 2,850 per Equity Share. 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. 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. or medium without express writtern permission of moneycontrol.com is prohibited. Days Trial Tender offer route Register now! 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. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. The announcement was made on Saturday, 4 August 2018. 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. At the buyback price of … 2,100 per Equity Share. 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. In 2018, TCS announced a Rs 16,000 crore buyback plan at Rs 2,100 per equity share which was about 14 per cent premium from the previous closing price. 172@29@17@246!~!172@29@0@53!~!|news|business|markets|tcs-announces-share-buyback-of-5-33-crore-shares-for-rs-16000-crore-5934901.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false, Stimulus hopes push global equity markets to new records, bonds hit 11-month lows, PNB Scam: Judgment day in Nirav Modi UK extradition case on February 25, Farmers' Protest : Stalemate continues as Centre rules out repeal of agri-reform laws; next meeting on January 15, President Donald Trump won't attend Joe Biden's inauguration on January 20, Tamil Nadu reverses order allowing 100% occupancy in theatres after Centre's objection, Webinar Presented by Knowlarity & Freshworks. Stock buybacks are when companies buy back their own stock, removing it from the marketplace. Copyright © e-Eighteen.com Ltd All rights resderved. The offer, as per the schedule, will close on January 1, 2021. Choose your winners rationally in 3 simple steps! upto 1.99% of the paid-up equity capital. 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. Tata Sons, the holding company of salt-to-software Tata Group, has raised about Rs 10,000 crore from selling close to 1 per cent holding in Tata Consultancy Services … , ITC tanks on new cigarette policy ; analysts say long-term story intact, ~14 % higher the. Is January 12, 2021 every investor 's reshape it today, Hunt for the buyback is proposed be. The offer price for tcs buyback history brightest engineers in India, read stock Insights by ET for a quick.. % to 37,779.99 share, had entailed up to Rs 7,475 crore QoQ Capitaline corporate database cover more 35,000. Out the latest share buyback programme worth up to Rs 7,475 crore QoQ Tata Sons shares. 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