What are the details of the TCS Buyback offer?
Answer
Answer
Answer
The Rs.18,000-crore share buyback of TCS will open on 09th March and will remain open till 23rd March. There are 2 categories here. Buyback ratio for the reserved category of small shareholders will be 1 for 7. In general category, the ratio will be 1 for 108. Tata Sons will once again be the biggest beneficiary of the buyback offer. As of Sep-21, TCS had cash and cash equivalents in its balance sheet of Rs.51,950 crore.