TCS/BM/189/SE/2021-22 | |
January 12, 2022 | |
National Stock Exchange of India Limited | BSE Limited |
Exchange Plaza, C-1, Block G, Bandra Kurla | P.J. Towers, |
Complex, Bandra (East) | Dalal Street, |
Mumbai - 400051 | Mumbai - 400001 |
Symbol - TCS | Scrip Code No. - 532540 |
Dear Sirs,
Sub: Outcome of Board Meeting - Proposal for buyback of equity shares of the Company
Further to our intimation dated January 7, 2022 and in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today has approved a proposal to buyback up to 4,00,00,000 (Four crore) Equity Shares of the Company for an aggregate amount not exceeding ₹18,000 crore (Rupees eighteen thousand crore only) (hereinafter referred to as the "Buyback Size") being 1.08% of the total paid-up equity share capital, at ₹4,500 (Rupees four thousand five hundred only) per Equity Share (hereinafter referred to as the "Buyback Price").
The buyback is proposed to be made from the shareholders of the Company on a proportionate basis under the tender offer route using the stock exchange mechanism in accordance with the provisions contained in the SEBI (Buy-Back of Securities) Regulations, 2018 (hereinafter referred to as the "Buyback Regulations") and the Companies Act, 2013 and rules made thereunder. The Buyback Size does not include transaction costs, applicable taxes and other incidental and related expenses.
The Buyback is subject to approval of the Shareholders by means of a special resolution through a postal ballot. The public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the Buyback Regulations.
TATA Consultancy Services Limited
9th Floor Nirmal Building Nariman Point Mumbai 400 021
Tel. 91 22 6778 9595 Fax 91 22 6778 9660 e-mailcorporate.office@tcs.comwebsite www.tcs.com
Registered Office 9th Floor Nirmal Building Nariman Point Mumbai 400 021.
Corporate identification No. (CIN): L22210MH1995PLC084781
The pre-buyback shareholding pattern as on January 7, 2022 is enclosed at Annexure A. The above information is also available on the website of the Company: www.tcs.comThis is for your information and record.
Thanking you,
Yours faithfully,
For Tata Consultancy Services Limited
Pradeep Manohar Gaitonde
Company Secretary
cc:
National Securities Depository Limited Central Depository Services (India) Limited TSR Darashaw Consultants Private Limited
Annexure A | |||
Pre-Buyback Shareholding Pattern of the Company as on January 7, 2022 | |||
Particulars | No. of shareholders | No. of shares | % of shares |
Promoter Companies | 9 | 267,02,04,298 | 72.19 |
Indian Financial Institutions / | 460 | 28,83,74,333 | 7.80 |
Banks/MF/Insurance Companies | |||
FIIs/FPIs/NRIs/Foreign National and | 34,750 | 56,33,00,352 | 15.23 |
OCB | |||
Resident Individuals and others | 15,72,915 | 14,35,20,206 | 3.88 |
Clearing Members | 311 | 5,42,300 | 0.01 |
Bodies corporate/LLP/Trust/NBFC | 6,291 | 3,31,09,884 | 0.90 |
Grand Total | 16,14,736 | 369,90,51,373 | 100.00 |
The post buyback shareholding pattern of the Company shall be ascertained subsequently.
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TCS - Tata Consultancy Services Ltd. published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2022 14:05:08 UTC.