The Board of Directors of Tata Consultancy Services Ltd (TCS), at its meeting, held on
January 12, 2022, has approved a proposal to buyback up to four crore shares at
`4,500 per share. The buy-back aggregates to `18,000 Cr, which represents 1.08% of
the total, paid-up equity share capital. The buyback will be via the tender offer route
and as per SEBI regulations, 15% of the offer size (~ Rs 2,700 crore) will be reserved for
small shareholders holding shares upto a value of INR Rs 2 lakh as on the record date.
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