*Buy-Back – Tata Consultancy Serives Limited*
The Board of Directors of the Company at its meeting held today has approved a proposal to buy back up to 5,33,33,333 Equity Shares (Five crore thirty three lakh thirty three thousand three hundred and thirty three only) of the Company for an aggregate amount not exceeding (16,000 crore (Rupees sixteen thousand crore only) (hereinafter referred to as the "Buyback Size") being 1.42% of the total paid-up equity share capital, at (3,000 (Rupees three thousand only) per Equity Share (hereinafter referred to as the "Buyback Price").
Promoter’s Holding = 72.05% = 2,70,35,42,000 Equity Shares
Public holding upto Rs.2Lacs = 3.22% = 12,08,43,031 Equity shares
CMP = Rs.2737.40 per share
MARKET CAP = Rs. 10,27,177.79 crore
*BUY – BACK Price = Rs.3000 per share*
Buy Back of Shares = 5,33,33,333 (Five crore thirty three lakh thirty three thousand three hundred and thirty three only) Equity Shares (representing 1.42% of the total paid-up equity share capital of the Company)
Route : Tender offer
Retail Acceptance ratio = 7% (maximum 30-35%)
Overall Acceptance ratio= 2%
Total Buyback size : Rs 16000 Cr.
By: via @AlliesFin Serve Stock Market
