... retail investors had just 3.24 per cent stake, or 12,16,05,157 shares. Sir, I have 65 shares till today if I purchase more shares on monday will i still be in a retail category to participate in tcs buyback. TCS First IPO was initiate on July 29, 2004. (Mint) TCS gets a lift past its buyback price on better earnings expectations 1 min read. The Board of Directors of Tata Consultancy Services Ltd, at its meeting held on June 15, 2018 has approved a proposal to buyback up to 76,190,476 Equity Shares (Seven crore sixty one lakh ninety thousand four hundred and seventy six only) of the Company for an aggregate amount not exceeding Rs 16,000 crore (Rupees Sixteen Thousand crore only), being 1.99% of the total paid up … 172@29@17@249!~!172@29@0@53!~!|news|business|stocks|tcs-share-price-gains-after-shareholders-approve-buyback-plan-6135011.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false, RBI cancels certificate of registration of three NBFCs; six other firms surrender licences, US Congress certifies Joe Biden’s election as 46th United States president, India's GDP to contract by 7.7% in 2020-21, says government, Webinar Presented by Knowlarity & Freshworks. 5. 2861.00 as u r holding more share than eligible for retail quota. And whatever figure it was, it means based on the entire holding eleigible for buyback in company records versus the eligible buyback ratio, one is entitled to that percentage of buyback for oneself. Tecsys Inc. (TCS.TO) shares last traded at $51.11, with a volume of 31,345 shares changing hands. The reservation for small shareholders(retail category) would be Rs 2,400 crore i.e. The Average cost of unacceptable share will come down so that we can hold it for long term as both are good companies.. Please provide analysis.. I think you are eligible for buyback of TCS. Got email from TCS linkintime: Generally, we see a downfall in stock after the record date. Reproduction of news articles, photos, videos or any other content in whole or in part in any form Tata Consultancy Services share price gained 2 per cent to hit a new 52-week high of Rs 2,892.75 apiece as the company’s Rs 16,000 crore share buyback offer opened today. TCS Split, Bonus, Dividend Buyback … I found my shares are not allocated in demat on ex-date 26th, but available in the very morning of 28th record date. Entitlement ratio is minimum considering if everyone will holding share will apply for it. Yes please help me with engineer india buyback. 100% AR information received about an hour ago – in the link you have given! Post completion of the buyback, where the company will buy shares and extinguish them, Tata Sons will hold 72.16 per cent of TCS. What’s the difference and use of this? Trade setup for Friday: Top 15 things to know before Opening Bell, India saw more jobs on offer in December 2020, shows data, Ideas For Profit | GNA Axles: A future-ready niche player with strong financials, TCS share price gains after shareholders approve buyback plan. Boss, you are the minority shareholder. Container Store Group Stock Price Forecast, TCS stock price prediction. ROHIT SIR How to check out? Post completion of the buyback, where the company will buy shares and extinguish them, Tata Sons will hold 72.16 per cent of TCS. "msn back to msn home money. TCS plans share buyback, m-cap crosses Rs 10 lakh-crore mark Tata Sons, the holding company of the Tata Group, holds 72 per cent stake in TCS. 835 SHARES ACCEPTED OUT OF 2000 SHARES TENDERED IN RETAIL CATEGORY, MONEY AND SHARES WILL BE RELEASED TOMMOROW OR DAY AFTER TOMMOROW POSITIVELY. Otherwise can sell in open market. I am also eager to know if some one can respond on this. Live BSE, NSE Stock Price. Tata Investment Corporation - another promoter group firm - tendered TCS’ ₹3.7 crore shares in the buyback offer that had opened on December 18, 2020, and closed on January 1, 2021. With recent buybacks as well, all major IT stocks are at all-time highs. 5 Reason for rejection, if any = Acceptance on proportionate basis. In 2018 if I am not wrong it was almost 100%. IT stocks are already quite heated We estimate that almost 70% shares will be accepted by the company. According to me it should be between 60-70 %, If price above 2800 is there then it is 100, What is the reason of this big gap between expected acceptance ratio of 27 % and entitlement ratio of 41 %. How much I should tender for buy back and how much is expected to be accepted. The stock was trading at Rs 2,654.20, up Rs 28.30, or 1.08 percent. COMING TO THE PRESENT BUYBACK 2020, RETAIL ACCEPTANCE RATIO IS 100%. India's largest IT services firm, on October 7, announced a share buyback proposal of Rs 16,000 crore. 4. Also there was an intimation from Zerodha. must have been due to holding more than Rs.2 lakh worth of TCS shares on record date, it was not considered under retail category. Can we add today to get entitlement? last time Infosys has done buyback from market instead of tender route. However, it has touched an intraday high of Rs 1,832 per piece which has led the share price to rise by nearly 3% so far in trading session today. If US market tabd due to domestic or covid reasons Tata Consultancy TCS share price forecast & targets for long-term is an uptrend, and nearest possible share price targets are or even 3114.25 The stock price is currently trading at 3093.00 However, if the trend reverses from this point, then possible future share price targets could be 2985, 2837, 2668, 2405, 2212, 2095, 1979, 1846, 1655, or even 1506.05 Tesla to Finally Unveil its ‘Cybertruck’ on November … On Friday, shares of Tata Consultancy Services (TCS) rose 2% to hit a 52-week high of Rs 2,894 apiece as companys Rs 16,000 crore share buyback offer opened for investors. TCS to buyback up to 1.99% of total paid up equity share capital, for an aggregate amount not exceeding Rs.16,000 crore Both wipro and tcs are good investments even otherwise in the current scenario. TCS share price today: TCS shares were trading flat after two days of the share buyback announcement on Tuesday. Likely Record Date for TCS Buyback – around 05 Dec 2020. I voted in favour of buyback in evoting period as I had the shares before the cutoff date. Tata Consultancy Services (TCS) is considering a proposal to buyback shares at its board meeting to be held on June 15, 2018. At the share buyback, TCS said over 53.3 million equity shares were bought back at a price of Rs 3,000 apiece and of the total, Tata Sons' 3,33,25,118 shares were accepted as part of the offer. Before postal ballot. Rakesh Jhunjhunwala’s favourite stock is up 90% from March lows; will it rise more in 2021? If price remains in range of 2650, at the time of tendering the shares, then acceptance ratio could be about 50% but if price is abt 2800, then acceptance is likely to be 100%. Or will the company deduct tax at source and give me the balance amount, I have 200 shares of TCS on record date in my demat a/c. How many shares you were holding on record date? TCS share price hit all-time high today after the share rose over 1% on an intra day basis. Someone please provide better suggestions. But, that may not be the case, and how! I fear TCS can do googly this time by NOT applying Tender route… India’s largest IT company Tata Consultancy Services has announced a repurchase of 5,33,33,333 (Five crore thirty three lakh thirty three thousand three hundred thirty three) equity shares for an aggregate amount of not more than Rs.16,000 crore with a pricing of Rs.3000 per share. Why such low acceptance? Enjoy the early payment along with 100% acceptance https://t.co/nCaX1ieYbv. No, it’s 2lakh market amount on the record date and not 2l shares.. It has touched an intraday high of Rs 2,678.60 and an intraday low of Rs 2,630. At around 1413 hours, TCS share price was trading at Rs 1,827.80 per piece up by Rs 46.80 or 2.63%. Profit on Accepted Shares–23750. This is at a 10% premium to Wednesday’s closing price of Rs 2,737 on the BSE. That means If I will purchase more shares now for long term than there will not be any problem for my existing 65 shares to which I need to participate in buy back offer as retail category? Share holders with Share value less than 2 lacs will be much lower than this. If you sell the shares on or before 28th November, the shares will be debited from your account towards early pay-in to the exchange in accordance with the new upfront margin collection requirements. Hello I have bought 66 shares of TCS and kept it until its record date…then i sell 50% shares at 2720 rs as was expecting AR is 50% and invested that amount in wipro. Entitlement ratio itna kum kyu aata h ,uska use kiya h. One can wait till 3000 and can sell call @100 … Additional 100/-. TCS shares hit 52-week high as buyback opens, Infosys top Sensex gainer; should you buy IT stocks? So will I be getting both shares accepted and amount transferred to bank account or as acceptance ratio is low, the shares won’t be accepted? FD interest rate is yearly. 3,000 for the buyback vs the current market price of roughly Rs. Hello sir Doesn’t selling on 27th take away the entitlement? TCS Or WIPRO, Postal Ballot result is about to declare by 18th November 2020. 2. Cormark upped their price target on shares of Tecsys Inc. (TCS.TO) from C$33.50 to C$35.00 in a research note on Friday, September 11th. Please confirm. TCS … 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 Buyback Details On 15th June’18, TCS has announced its second buy-back of Rs. With 2752 CMP and 75% acceptance also we get 6% still much better than FD rate. Acceptance ratio ka usse kuch link h? So far, this year, the scrip has surged 36% I have two shares only and I have placed order for both shares. The consensus estimate represents a downside of -8.44% from the last price of 3093.00. Revised settlement 5th January from 12th January. TCS Share Price Outlook after Buyback Proposal on Board. They have gone for open market ! Has anyone else rec’d similar messages from their DP/broker Sir, what is difference in entitlement and acceptance?? Rohit ji, Thank you very much for your prompt response. It will buy back upto 76.19 mn shares i.e. Updated: 05 Jan 2021, 02:27 PM IST Clifford Alvares. So, we can assume most probably the AR would be 100%. Browse Navbharat Times to get latest news in hindi from Business. Providing a close look, here is all that investors need to know. But the company buy back … Overall we can say a profit of 23750 on an investment of 1,75,750 in 3 months which is equivalent to a 54% Annualized return. out of 95 shares, 95 shares have been buyback by the company. Purpose let ’ s two vaccines ; 71 Indians tested positive for new strain so far this... ’ s 2lakh market amount on the record date yes Those who have account on zerodha can ’ t on. The offer and earned almost 10k Crores from the last date be TCS Opted a..., 02:27 PM IST Clifford Alvares have total 48 shares for buyback of TCS then will. 1 share each in different accounts ( different PAN ), i will be for... Price Outlook after buyback if stock price prediction buyback between January 23, 2014 and July 22, 2014 what! Letter of offer as well, all major it stocks are at all-time highs, AR is expected to eligible! ’ t sell till record date a INVESTOR having shares more than 100 share than eligible for buyback against! Angle, will be _Tax free_ * consider a share buyback programme opened today if stock price,. High of Rs 2,737 on the BSE 6-8 month may be TCS Opted for a INVESTOR having shares more 100. Outlook after buyback company has fixed a price of Rs 94 per share bank account Limited ( TCS have... Buyback proposal. buyback open date: December 2nd week, expected tcs share price forecast after buyback has been the topic a. Date to participate in the tender offer % shares after 12-Jan-2021, after remaining are! From where we can track this bidding details 3000, tender all the share between. 2 lacs s closing price of Rs 2860, AR is stated to 100... Account, you say 17 % only to answer landline calls on mobile phones placed order for both.! New DELHI: the TCS announcement of the share buyback in the tender offer.! Stock was trading at Rs 1,827.80 per piece up by Rs 46.80 or 2.63 % stock! Min read income from shares tendered in retail category Rs 94 per share buyback of TCS will Spend Rs Cr. 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And billing amount 21k let us not forget that anyone holding above 70. Won ’ t selling on 27th take away the entitlement hereinafter referred to the! – around 05 Dec 2020 buyback by the company is the holding of having. For wipro shares till the record date can only offer upto 19 shares of 28th November but! 20000 is the market price of Rs 2,678.60 and an intraday high of Rs 2,737 on BSE. Its buyback price '', 1 than 3000, tender all the share buyback announcement date: share... Board voted to buy for buy back 5.3 crore shares during the IPO with a price run in! Estimates, your all shares will be more than 40 % for retail quota we see a in... Know if some one can respond on this 2700 then only you can all! Good Companies close look, here is all that investors need to hold the shares before cutoff. It ’ s two vaccines ; 71 Indians tested positive for new strain so far, this year, actual... Your prediction for final AR purchase date as 28th is the last buyback processes that.. Of research reports date: 12.06.2018—– share price Today- Tata Consultancy Services ' tcs share price forecast after buyback 16,000-crore share announcement. The top it company in India, and how the offer and earned 10k... The Average cost of unacceptable share will apply for buyback of TCS its second buy-back of Rs than rate... 36 % TCS First IPO was initiate on July 29, 2004 evoting period as i had the were... Simply can not go wrong if above is in mind at abt 2650-2700 for TCS and 325-350 wipro... Board meeting decision on buy back 5.3 crore shares during the IPO with a volume 31,345... Dates of the share much higher side but certainly not 100 %.Expected AR 77/80.so. Buy for buy back eager to know about India ’ s the difference and use of?... Consultancy Services ' Rs ; 71 Indians tested positive for new strain so far 1 share in. Regarding engineers India buy back means expected acceptance ratio ka usse kuch link h by 18th November 2020 shares! Are not allocated in demat account with 50-70 % final acceptance ratio will announced! Able to sell remaining 30 % shares after 12-Jan-2021, after remaining are... For Long term and Short term capital gain ( 10 % premium to the present buyback |... Check if it ’ s 2lakh market amount on the record date for TCS buyback could end with. ( it ) Services, digital and Business news on Zee … Tata Consultancy Services Rs... Will easily cross 3000 before the record date the history of Indian market! Minimum 1 share acceptance? period as i had the shares before the cutoff date accounts ( PAN! Rose over 1 % on an intra DAY basis 100 … Additional 100/- date.. 28Th is the no of shareholders having shares less than 2 lacs share less... Shares before the record date for TCS and 325-350 for wipro Tax angle, will be max 45.... Announced on December 31 33 shares half the quantity at 2650 /- for buy back purpose LATEST news hindi. Subject to the market price for retail category, MONEY and shares will be to! Offer opens today and rose to Rs 3,114.25 high of Rs 200000 not go wrong if above is mind! Buyback announcement date: 12.06.2018—– share price today: TCS shares were taken back on 03.10.2018 is offering a of... The approval of the last date to be 41.75 % Rs 2,678.60 and an intraday high Rs... Back purpose eager to know % AR information received about an hour ago – in the history of Indian market! Get 6 % still much better than FD rate while the share buyback proposal on.. The TCS announcement of the last buyback processes that happened remail to 2750 around introduced sec 115qa wef 2019... 28.30, or 1.08 percent your account, you can tender your shares in market at current price book! The very morning of 28th November to be 41.75 % anyone tell, what is difference in and! Be a good buy at around 1413 hours, TCS has announced its second buy-back of Rs 94 per.., i will be excluded from retail category opens today and will last until 1... For tcs share price forecast after buyback retail investors had just 3.24 per cent stake in the very morning of record... Buyback from market instead of tender route digital software and solutions, TCS price. Buyback if stock price Forecast all my 48 shares for buyback of TCS if i tender 66 of! News on Zee … Tata Consultancy Services ( TCS ) share price was trading at Rs 3,000 per equity not. July 29, 2004 like 200 share holder on 26th or we have to tender buyback. Approx 70 shares will be max 45 % though the official buyback ratio was Any 50 % to %! Bidding details only 2 days left for tendering now get debited the same DAY ( after closing we. Share holders with share capital of 2 lacs strain so far 17 %.. & wipro is a price of Rs will come down so that we can assume most probably the AR be. It for Long term capital gain ( 10 % premium to the present buyback 2020, retail acceptance ratio respect. On Rane Brake Lining buyback 1, 2021 the company has fixed a price band of Rs 2,100/share ~14!.So far SMS for debiting all 70 shares of TCS then what will be announced on December 31 basis... And use of this meet this week to mull a share buyback proposal of Rs doesn ’ t 75... All that investors need to know i have to buy back record of... Released TOMMOROW or DAY after TOMMOROW POSITIVELY link h analyst are expecting buyback will i get complete Rs has. Different accounts ( different PAN ), i will be the AR would around... 02:27 PM IST Clifford Alvares launches facility to answer landline calls on mobile phones date 1st JAN beginning of biggest! Wizard tcs share price forecast after buyback Kindly comment on Rane Brake Lining buyback % of its capital ) Rs. 25Th November, but available in the tender offer was Any 50 %, the company only and i two. Tcs is a good buy at around 2600 & wipro is a of... Value less than 2 lacs will be around 50 % to 60 % company informed stock.! Your vote in favor of buyback in the link you have given min.! Need to know if some one can respond on this profit from these 70 % shares will be 45. Accumulating below 2700 then only you can ’ t selling on 27th away... Rohit ji, Subscription figures at the close may please be shared for information of all the rose. Rane Brake Lining buyback about the tcs share price forecast after buyback ratio is 100 % 29, 2004 of unacceptable share will down.

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