TCS Buyback is Here! 9-Mar to 23-Mar

Here is all you need to know about the Tata Consultancy Services (TCS) buyback scheduled to begin on 9-Mar:

What is the Offer Period?

The offer will open on 9-Mar and close on 23-Mar

What is the Buyback Price?

Buyback Price = Rs 4,500 per share

Who is eligible?

All investors who held TCS shares as on 23-Feb-22 (Record Date), can participate in this offer. Details of categories are as under:

How to Apply for the Offer?

  •  If you have submitted your POA to Angel One, you will be sent a detailed Email from Angel One with a personalized link to complete your Bid before 23-Mar, 1:00 pm
  • If you have NOT SUBMITTED your POA to Angel One, you will need to follow the below steps:

Step 1 - Login to your Angel One Account 

Step 2 - Select ‘Online DIS’

Step 3 – Now Select ‘Add a Beneficiary’ & enter ‘CM BP ID’ (Refer to your Email for details)

Step 4 – Generate OTP -> once received ‘Enter OTP’ -> Click ‘Submit’

Step 5 – Select ‘On Market’  

Step 6 – Select ‘NSDL’ as DP

Step 7 – Enter Details (Refer to your Email) à Click ‘Submit’

  • If you have TCS shares in non-Angel One Demat Account:

Transfer your shares via Online/Offline DIS to Angel One CM BP Account (For BSE: IN606125 | For NSE: IN556929). Our Team will take care of the rest.

Can I apply for the buyback offer if I have pledged TCS shares?

To participate in the buyback offer, you need to unpledge your TCS shares by clearing related debit in your account, if any.

Can I sell my shares after bidding for the TCS buyback?

Once your Bid has been successful, your submitted shares will be blocked. Hence you won’t be able to sell the shares that have been submitted for buyback until 31-Mar-22 (Settlement Date).

Refer Circular Here

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