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TCS buyback:-

23.5.3. As defined in Regulation 2(1)(la) of the Buyback Regulations, a “Small Shareholder” is a Shareholder
who holds Equity Shares having market value, on the basis of the closing price on February 23, 2022,
i.e., the Record Date, of not more than ₹200,000 (Rupees Two Lakh only). As on the Record Date,
the closing price on NSE, being the Recognized Stock Exchange having the highest trading volume,
was *₹ 3,563* per Equity Share. Accordingly, all Eligible Shareholders holding not more than *56* Equity Shares as on the Record Date are classified as ‘Small Shareholders’ for the purpose of the buyback offer.