Tata Consultancy Services is an organization offering business solutions, IT services, and consultancy services for more than 5 decades. TCS is one of the largest companies being the subsidiary of TATA group. The company has employed more than 614000 trained consultants across 55 countries out of which 35.7 % are women. TCS’s continuous endeavors to protect against climate change have led the company to earn a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4 Good Emerging Index. The company helps its clients to transform and accelerate their business growth through its powerful business solutions.
The company provides business solutions in multiple sectors such as education, healthcare, banking, insurance and healthcare.
Tata Consultancy Services Buyback 2023 Detail
| Issue Period | December 1, 2023 – December 7, 2023 |
| Security Name | Tata Consultancy Services Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 40,963,855.00 |
| Issue Size (Amount) | ₹17,000.00 Crores |
| Buyback Price | ₹4150 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
Tata Consultancy Services Buyback 2023 Issue Timetable
| Record Date | November 25, 2023 |
| Offer Opens On | December 1, 2023 |
| Last Date for receipt of Tender Forms | |
| Offer Closes On * | December 7, 2023 |
| Finalisation of Buyback Acceptance | |
| Last Date for settlment of bids | |
| Last Date for Extinguishment of Shares |
Tata Consultancy Services Limited Financial Information (Restated Consolidated)
Tata Consultancy Services Limited’s revenue increased by 16.93% and profit after tax (PAT) rose by 10.02% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
| Assets | 143,651.00 | 141,514.00 | 130,759.00 | 120,899.00 |
| Revenue | 228,907.00 | 195,772.00 | 167,311.00 | 161,541.00 |
| Profit After Tax | 42,303.00 | 38,449.00 | 32,562.00 | 32,447.00 |
| Net Worth | ||||
| Reserves and Surplus | 90,058.00 | 88,773.00 | 87,014.00 | 86,063.00 |
| Total Borrowing | ||||
| Amount in ₹ Crore |
Necessity of the Issue
The current buyback is in line with the Company’s shareholders-friendly capital allocation practice of returning excess cash to the shareholders thereby increasing shareholder value in the longer term and improving the return on equity
Company Contact Information
Tata Consultancy Services Limited
TCS House,
Raveline Street
Fort, Mumbai 400 001
Phone: +91-22-6778 9999
Email: kedar.shirali@tcs.com
Website: https://www.tcs.com/