TCS Approves Rs 18,000-crore Share Buyback Offer. Key Details Investors Must Know
2 years, 11 months ago

TCS Approves Rs 18,000-crore Share Buyback Offer. Key Details Investors Must Know

News 18  

Tata Consultancy Services board on January 12 approved a share buyback worth Rs 18,000 crore. “Further to our intimation dated January 7, 2022 and in terms of Regulation 30 of the SEBI Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today has approved a proposal to buyback up to 4,00,00,000 Equity Shares of the Company for an aggregate amount not exceeding ₹18,000 crore being 1.08% of the total paid-up equity share capital, at ₹4,500 per Equity Share,” TCS said in a regulatory statement. TCS had earlier purchased back shares worth around Rs 16,000 crore each in 2017, 2018 and 2020 as part of its long-term capital allocation policy of returning excess cash to shareholders. The share buyback offer is a part of TCS long-term capital allocation policy of returning excess cash to shareholders, the company mentioned. During the previous share buyback between December 18, 2020 to January 1, 2021, TCS repurchased shares worth around Rs 10,000 crore.

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History of this topic

Finance Ministry revises norms for dividend payments, share buybacks, stock splits for PSUs
1 month ago

Finance Ministry revises norms for dividend payments, share buybacks, stock splits for PSUs

Live Mint  

Union Finance Ministry has revised norms for dividend payments, share buybacks and stock splits at state-run companies to improve capital management and bolster performance of their equities. The government has asked state-run non-banking financial companies to pay a minimum annual dividend of 30 per cent of their profit subject to legal provisions, according to guidelines issued by the Department of …

TCS Share Price Today on 11-11-2024: TCS share price are up by 1.21%, Nifty down by -0.03%
1 month, 1 week ago

TCS Share Price Today on 11-11-2024: TCS share price are up by 1.21%, Nifty down by -0.03%

Live Mint  

TCS Share Price Today on 11-11-2024: At 11 Nov 16:00 today, TCS shares are trading at price ₹4195.05, 1.21% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,300 days SMA & lower than the 50,100 day SMA. The stock will have support at 5,10,20,300 days SMA & face resistance at 50,100 days …

TCS share price jumps after Q1 results, brokerages say 'worst is over' for the stock
5 months, 1 week ago

TCS share price jumps after Q1 results, brokerages say 'worst is over' for the stock

Hindustan Times  

Tata Consultancy Services' shares gained today after India's top IT services firm reported first-quarter results which signalled early signs of revival for the sector. TCS' growth across all verticals, excluding telecom, coupled with net hiring at a seven-quarter high, are signs of a revival, Jefferies said after TCS Chief Executive K Krithivasan said that he expects FY25 to be better …

Dividend stock 2024: Tata Consultancy Services stock in focus as TCS shares to trade ex-dividend today
7 months, 1 week ago

Dividend stock 2024: Tata Consultancy Services stock in focus as TCS shares to trade ex-dividend today

Live Mint  

Dividend stocks 2024: Shares of Tata Consultancy Services Ltd will be in focus when the stock market opens on May 16. TCS dividend details In a stock exchange filing, Tata Consultancy Services said: “The Board of Directors at its meeting held on Friday, April 12, 2024 had recommended a final dividend of ₹28 per equity share of ₹1 each of …

TCS share price down 3% after 2.2 crore shares change hands: Will it fall or recover? Should you buy or hold?
9 months ago

TCS share price down 3% after 2.2 crore shares change hands: Will it fall or recover? Should you buy or hold?

Hindustan Times  

TCS share price: TCS share price fell 3 per cent today as markets opened following reports that Tata Sons has offered to sell 2.34 crore shares of the IT major at ₹4,001 per share through block deals to raise $1.1 billion. TCS shares traded nearly 3 per cent lower at ₹4,030.65 on the National Stock Exchange and in the previous …

TSC stock soars over 4 per cent as Q3 income rises 8 per cent to Rs 11,735 crore
11 months, 1 week ago

TSC stock soars over 4 per cent as Q3 income rises 8 per cent to Rs 11,735 crore

India TV News  

Tata Consultancy Services shares rose over 4 per cent during early trade on Friday, contributing Rs 51,921.94 crore to its market valuation. The surge followed TCS reporting an 8.02 per cent growth in net income for the December quarter, amounting to Rs 11,735 crore. TCS, the largest software exporter, reported an 8.2 per cent growth in net income for the …

TCS buyback: TCS share price in focus as share trades ex-buyback today
1 year ago

TCS buyback: TCS share price in focus as share trades ex-buyback today

Live Mint  

TCS buyback 2023: Tata Consultancy Services or TCS share price is expected to remain under the lens of stock market investors and observers as it is trading ex-bonus today. As per the exchange filing of the Indian IT giant, TCS buyback date has been fixed on 25th November 2023 and this TCS buyback record date has been fixed in ex-trade …

TCS buyback 2023: Should you tender your shares as record date falls next week?
1 year, 1 month ago

TCS buyback 2023: Should you tender your shares as record date falls next week?

Live Mint  

TCS buyback 2023: Date for finalising list of eligible shareholders of Tata Consultancy Services for buyback of shares has been fixed on 25th November 2023. The Indian IT major has informed Indian stock market bourses that it has fixed 25th November 2023 as TCS buyback record date. The IT giant also informed that TCS buyback record date has been fixed …

TCS share price in focus as the IT stock turns ex-dividend today
1 year, 2 months ago

TCS share price in focus as the IT stock turns ex-dividend today

Live Mint  

TCS share price is likely to be in focus as it will turn ex-dividend today, on Thursday, October 19. TCS share price fell by a per cent in morning trade on BSE. In the past 12 months, TCS has declared an equity dividend amounting to ₹108.00 per share and at the current share price of ₹3487.25, this results in a …

TCS share price: Experts unveil this strategy ahead of buyback, Q2 results
1 year, 2 months ago

TCS share price: Experts unveil this strategy ahead of buyback, Q2 results

Live Mint  

TCS share price: Shares of Tata Consultancy Services have been in uptrend since early morning deals. TCS shares price today opened upside and went on to hit intraday high of ₹3,650 apiece on NSE, logging near one per cent intraday gain in near one hour of stock market's opening bell. Speaking on TCS share price outlook, Sandeep Pandey, Director at …

TCS Q1 Results: Net profit jumps 16% on year to ₹11,074 cr; declares dividend
1 year, 5 months ago

TCS Q1 Results: Net profit jumps 16% on year to ₹11,074 cr; declares dividend

Live Mint  

Information Technology services major, Tata Consultancy Services Ltd on Wednesday reported an 16.84% year-on-year rise in its consolidated net profit for the fiscal's first quarter ended June to ₹11,074 crore. The IT company's consolidated revenue from operations stood at ₹59,381 crores during the quarter ended June from ₹52,758 crore in Q1FY23. The company's consolidated total income for the quarter ended …

TCS shares trade ex-dividend post declaring special dividend; stock rises
1 year, 11 months ago

TCS shares trade ex-dividend post declaring special dividend; stock rises

Live Mint  

Shares of Tata Consultancy Services rose to ₹3,320 apiece on the BSE in Monday's opening deals as the stock started trading ex-dividend on Monday, a day ahead of its record date for the interim and special dividend announced during Q3 results. While announcing its Q3 FY23 earnings, TCS' board of directors also declared a third interim dividend of ₹8 and …

Paytm announces Rs 850 crore share buyback; all you need to know
2 years ago

Paytm announces Rs 850 crore share buyback; all you need to know

Firstpost  

In November 2021, through the IPO, Paytm raised Rs 18,300 crore, the largest in the nation at the time, by offering new shares at a price of Rs 2,150 each To support its plummeting stock price, the board of directors of digital financial services company One97 Communications, which owns the Paytm brand, announced an Rs 850 crore share buyback program …

Paytm to Buy Back Shares Worth Rs 850 Crore at Rs 810 Apiece
2 years ago

Paytm to Buy Back Shares Worth Rs 850 Crore at Rs 810 Apiece

News 18  

Digital financial services firm One97 Communications, which operates under the Paytm brand, on Tuesday announced a share buyback scheme worth Rs 850 crore at Rs 810 apiece. “The company will undertake a buyback of up to Rs 850 crores at a maximum price of Rs 810 per share and has opted for the open market route through stock exchanges method, …

Paytm to mull its first ever share buyback on 13 December
2 years ago

Paytm to mull its first ever share buyback on 13 December

Live Mint  

One 97 Communications Ltd, parent of fintech major Paytm will consider a share buyback in its board meeting on 13 December, according to a statement filed with bourses. “Pursuant to Regulation 29 of the Securities and Exchange Board of India Regulations, 2015, as amended, we wish to inform you that a meeting of the Board of Directors of the Company …

How TCS shares are likely to perform today after Q2 results
2 years, 2 months ago

How TCS shares are likely to perform today after Q2 results

Live Mint  

Tech giant, Tata Consultancy Services crossed the ₹10,000 crore mark in terms of profitability during the second quarter of FY23. On the overall financial performance, Emkay's note said, " TCS reported revenues of $6.88 billion, up 1.4%/8.6% QoQ/YoY, a tad below our expectations of $6.91 billion. Meanwhile, Mitul Shah, Head of research at Reliance Securities said, "TCS reported marginally better …

TCS share price hits three-week low | Here's why
2 years, 5 months ago

TCS share price hits three-week low | Here's why

India Today  

Tata Consultancy Services Ltd share price on Monday dropped more than four per cent to hit a three-week low. On the BSE, TCS share price was down by 4.44 per cent or 144.90 points to Rs 3119.95. On the NSE, TCS share price fell 4.40 per cent or 143.65 points to Rs 3,121.80. TCS shares, which are down 12.7 per …

Bajaj Auto Board Approves Buyback of Up To Rs 2,500 Crore; Details Investors Should Know
2 years, 5 months ago

Bajaj Auto Board Approves Buyback of Up To Rs 2,500 Crore; Details Investors Should Know

News 18  

Bajaj Buyback: Bajaj Auto board has approved a buyback of Up To 2,500 Crore. Monday, 27 June 2022, has approved the proposal for buyback of the fully paid-up equity shares of the company having a face value of Rs. “If the equity shares are bought back at a price below the maximum buyback price, the actual number of equity shares …

Matrimony announces share buyback, stock rallies
2 years, 6 months ago

Matrimony announces share buyback, stock rallies

Live Mint  

Shares of Matrimony.com Ltd surged more than 9% to ₹840 apiece on the BSE in Wednesday's early deals after the company announced share buyback up to ₹75 crore at buyback price of ₹1,150 per share. June 22, 2022, inter-alia, approved Final Buyback price of ₹1,150 /- per equity share and the aggregate amount of Buy Back upto ₹750 Million excluding …

Zydus Lifesciences’ share buyback opens today. What investors should know
2 years, 6 months ago

Zydus Lifesciences’ share buyback opens today. What investors should know

Live Mint  

Zydus Lifesciences' share buyback offer worth ₹750 crore will open today and conclude on Wednesday, July 6, 2022. The company's board has approved the proposal to buyback a little over 1.15 crore shares, representing up to 1.13% of the total paid-up equity share capital of the company, for an aggregate amount of up to ₹750 crore. The company further informed …

TCS Declares Final Dividend at Rs 22/share; Should Investors Buy the IT Stock?
2 years, 8 months ago

TCS Declares Final Dividend at Rs 22/share; Should Investors Buy the IT Stock?

News 18  

TCS Q4: Tata Consultancy Services, India’s largest IT services company, on Monday recommended a final dividend of ~Rs 22 per equity share of Re l each. TCS reported a consolidated net profit of Rs 9,926 crore for the fourth quarter ended March 2022, registering a 7 per cent on-year growth. Motilal Oswal Financial Services remains positive on TCS’ leadership position …

TCS results: Revenue crosses Rs 50,000 crore, net profit rises | Top points
2 years, 8 months ago

TCS results: Revenue crosses Rs 50,000 crore, net profit rises | Top points

India Today  

Tata Consultancy Services on Monday announced its fourth quarter results for the financial year 2021-22. TCS revenue crossed Rs 50,000 crore for the first time as it rose 15.8 per cent to Rs 50,591 crore in Q4. TCS's net profit was up by 1.6 per cent at Rs 9,926 crore against Rs 9,769 in the third quarter. The revenue saw …

Investors rush for TCS buyback: Should you join the bandwagon?
2 years, 9 months ago

Investors rush for TCS buyback: Should you join the bandwagon?

Business Standard  

Share buyback programme of Tata Consultancy Services has seen record participation by investors.With just four days into the offer, investors have tendered 2.9 milliion shares, according to exchange data, beating the previous best of 0.19 million shares.Individual investors and qualified institutional buyers led the fourth day of buyback window. This is TCS’S fourth and biggest buyback in the past 5 …

TCS to begin 4th and biggest buyback of shares from 9 March: All you need to know
2 years, 9 months ago

TCS to begin 4th and biggest buyback of shares from 9 March: All you need to know

Firstpost  

According to the updated schedule given on the TCS website, the deadline of settlement of bids on the Stock Exchanges is 1 April. The shares of the TCS buyback will be priced at Rs 4,500 per equity, according to a notice on the IT company’s website. For General investors the buyback ratio will be 1 share for every 108 equity …

TCS Buyback: Last Day to Participate, Should You Opt for it?
2 years, 10 months ago

TCS Buyback: Last Day to Participate, Should You Opt for it?

News 18  

Shares of Tata Consultancy Services will turn ex-date on February 22 for the Rs 18,000-crore buyback. That means investors can buy TCS shares today to participate in buyback plan as the shares will reflect in their accounts on February 23 as per the T+2 settlement rule of stock exchanges. Santosh Meena, head of research, Swastika Investmart Ltd., said that the …

TCS Board Approves Rs 18,000 cr Share Buyback; What Investors Should Know
2 years, 10 months ago

TCS Board Approves Rs 18,000 cr Share Buyback; What Investors Should Know

News 18  

Tata Consultancy Services said that the members of the company have approved the buyback of shares worth up to Rs 18,000 crore by passing a special resolution through postal ballot. On January 12, 2022, the board of directors of TCS had announced the buyback of up to 4,00,00,000 fully paid-up equity shares of the face value of Re 1 each …

TCS Q1 Net Up 28.5% At Rs 9,008 Cr, Employee Headcount Surges Past 5 Lakh Mark In First Quarter
3 years, 5 months ago

TCS Q1 Net Up 28.5% At Rs 9,008 Cr, Employee Headcount Surges Past 5 Lakh Mark In First Quarter

ABP News  

India’s largest software exporter, Tata Consultancy Services on Thursday reported a 28.5% growth in its first-quarter revenues to Rs 9008 crore. Commenting on the results, Rajesh Gopinathan, Chief Executive Officer and Managing Director, TCS said: “Our business in North America, BFSI and Retail all showed an appreciable growth which underlines the resilience of our operating model, relevance of our offerings …

TCS share hits an all time high, 35% up in 2020
3 years, 11 months ago

TCS share hits an all time high, 35% up in 2020

Live Mint  

Shares of Tata Consultancy Services, India's largest IT services climbed 1.3% intraday to hit an all time high of ₹2,948 per share on NSE with market capitalisation of ₹11.03 lakh crore. The shares of the IT companies are on a record breaking spree after Infosys and Wipro announced large deal wins. The deal would help TCS get scale in Germany …

TCS crosses ₹11 trln in market capitalisation
3 years, 11 months ago

TCS crosses ₹11 trln in market capitalisation

Live Mint  

Tata Consultancy Services Ltd's market capitalisation surged past ₹11 trillion on Monday, making it the second Indian firm after Reliance Industries Ltd to achieve this milestone. Shares of TCS jumped nearly 1.2% intraday to hit an all-time high of ₹2942 a piece on the BSE with a market capitalisation of ₹11.03 trillion. Mukesh Ambani-led Reliance Industries Ltd remains India's most …

TCS share buyback offer is open. Should you tender shares?
4 years ago

TCS share buyback offer is open. Should you tender shares?

Live Mint  

Tata Consultancy Services, India's largest IT services firm's share buyback programme of up to ₹16,000 crore at a price of ₹3,000 per share is open. Last month, TCS shareholders had approved a proposal to buy back up to 5.3 crore shares of the company, having a face value of Re 1 each at ₹3,000 per scrip. We would recommend investors …

TCS ₹16,000-crore buyback offer opens today, share hits all-time high
4 years ago

TCS ₹16,000-crore buyback offer opens today, share hits all-time high

Live Mint  

India's largest IT services firm's share buyback programme of up to ₹16,000 crore commences today, on December 18 and will close on January 1. TCS has decided to buyback up to 5.33 crore equity fully paid-up equity shares having a face value of Re 1 each. A buyback floor price has been set at ₹3,000 per equity share on a …

TCS share buyback offer to open on December 18
4 years ago

TCS share buyback offer to open on December 18

Live Mint  

India's largest IT services firm Tata Consultancy Services on Wednesday announced a share buyback programme of up to ₹16,000 crore which will commence on December 18 and close on January 1, 2021. Last month, TCS shareholders had approved a proposal to buy back up to 5,33,33,333 equity shares of the company at ₹3,000 per scrip for an aggregate amount not …

Wipro sets Dec 11 as record date for share buyback
4 years, 1 month ago

Wipro sets Dec 11 as record date for share buyback

Live Mint  

New Delhi: IT services firm Wipro on Wednesday said it has fixed December 11 as the record date for its up to ₹9,500 crore share buyback programme. ".the company has fixed Friday, December 11, 2020, as the Record Date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback," …

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