Share Buybacks

The company has prescribed a buyback ratio of 2 shares for 25 equity shares for reserved category whereas 2 shares for 179 equity shares for general category.

The analysis is based on the annual dividend paid/declared by listed Tata group companies every financial year

The board has recommended a buyback of equity shares not exceeding Rs 75 crore at an indicative maximum buyback price not exceeding Rs 1,150 per equity share.

The board will meet on May 12, 2022, to consider the proposal for buyback of equity shares of the company, the quantum, and mode of buyback.

Shares of Gail rose 1.5 per cent to end at Rs 155.7

Close to a million retail investors in TCS tender shares in the just-concluded buyback programme

The board of state gas utility GAIL India Ltd will on March 31 consider the buyback of shares - the second buyback in as many years

Also proposes shortening the share tendering process by five days in the case of both buybacks and open offers

Over 301 million shares tendered in buyback-8.5 times the company intended to repurchase. Attractive buyback price lured investors into tendering their shares, say experts

Acceptance ratio is lower than previous buybacks done by the firm

According to an analysis done by Edelweiss Alternative Research, the acceptance ratio of TCS share buyback for retail investors could be 14.3 per cent

The mega Rs 18,000-crore buyback by IT giant Tata Consultancy Services (TCS) opens today and will run till March 23

Tata Consultancy Services (TCS) on Monday said its Rs 18,000 crore share buyback offer will open on March 9 and close on March 23.

The buyback of shares will be at a price not exceeding Rs 875 per equity share through the open market route

In the past one week, the stock of UPL has corrected 13 per cent as compared to 6 per cent decline in the S&P BSE Sensex

TCS on January 12, 2022 had approved to buyback up to 40 million equity shares of face value of Rs 1 each at Rs 4,500 per equity share for an aggregate amount of upto Rs 18,000 crore.

The company fixed February 23, 2022, as the record date for the Rs 18,000 crore share buyback plan.

The company's board will meet on February 9, 2022 to consider the proposal for buyback of equity shares of the company through tender offer route.

The company had already pledged to give back to investors $5.5 billion of the cash proceeds from the sale of its Permian-basin oil assets.

At Rs 4,500 apiece, the two entities stand to rake in about Rs 12,993.2 cr