@JIgar A : it will mainly depend on share price only during tender period , which indirectly depends on many things like market movement etc. In retail category, there are very very chance of final AR to be less than 30-40%. in my opinion, it will still be above 50% in retail category if tcs share price hovers around 3700-3900 during tender period else if price is more then AR will be much better.
Kindly give fresh review on tcs buyback.
I think AR will be less than 30% now.