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Tata Consultancy Services Buyback 2023

10 out of 47
Only 21% accept

Tata Consultancy Services Buyback 2023

I apply TCS 50 share for buyback accepted 17 share 11 dec 8 pm

Tata Consultancy Services Buyback 2023

Debited 32/32. How ?

Tata Consultancy Services Buyback 2023

I am holding account with FYERS and still not received contract note. Anyone still facing the same issue with FYERS or other brokers

Tata Consultancy Services Buyback 2023

Anyone with Kotak Securities facing issue with TCS buyback ? Just want to check if I am alone facing issue before sending mail to Kotak sec and Linkin.
🙏

Tata Consultancy Services Buyback 2023

I did not get any intimation from Kotak securities, but can finally see reduced qty in portfolio now. It has been like this only previously too. Got notification later. Lemme know if you need anything else.

Tata Consultancy Services Buyback 2023

Anyone got confirmation in Zerodha or Kotak Securities?

Tata Consultancy Services Buyback 2023

@SmallOne Kotak Bank has been generally good. I mostly rely on netbanking and App and haven't faced any issue.


For Kotak Securities, i would say from the point of view on an investor. Since it is a full service broker, charges are natrually high as compared to Discount brokers, but even otherwise it is somewhat ok, lacking some of features which i see in zerodha. I am planning to move all my scripts to zerodha soon.

Tata Consultancy Services Buyback 2023

@ValueSeeker i didn't get any intimation from kotak, but can finally see reduced quantity in portfolio.

Tata Consultancy Services Buyback 2023

What is d acceptance ratio we have tendered 200 shares

Tata Consultancy Services Buyback 2023

Groww seems not a very reliable platform for such an activity like BB. I had bought 20 shares three days before the record date in one of my accounts. But 0 got accepted, I think because of laggard like Groww.

Tata Consultancy Services Buyback 2023

I got 1/1 bb share on grow app

Tata Consultancy Services Buyback 2023

I got same mail from groww but securities deducted from my account.its better to check your portfolio once.

Tata Consultancy Services Buyback 2023

From two accounts contract notes
AR 11 out of 35

AR 11 out of 33

Tata Consultancy Services Buyback 2023

Received Zerodha contract note for 19 shares out of 55 Surrendered

Tata Consultancy Services Buyback 2023

ditto raja bhaiyaa , 19/55 zerodha conract note

Tata Consultancy Services Buyback 2023

Received contract note from Zerodha in mail. 19 out of 55 accepted in buyback

Tata Consultancy Services Buyback 2023

18/53, 34% AR - zerodha

Tata Consultancy Services Buyback 2023

got email from zerodha. 17 accepted out of 49

Tata Consultancy Services Buyback 2023

How to check buyback through Edelweiss

Tata Consultancy Services Buyback 2023

Probabilities of AR for TCS Buy back 2023

(1) If same % of retail investors, who did not participated in March 2022, prefer to remain non-particpant this time (2023) also, then expected AR would be above 35.35

(2) Individual Category shares tendered in March 2022: 6,22,21,854 ( 2,53,42,996 shares were considered as Retail shares)
Dec 2023: Shares tendered : 4,13,33,119 (Retail shares will be known only after official release from TCS post buy back)

Thus participation in individual category is reduced by 2,08,88,735 shares in Dec 23 as compared to March 22.

Based on this difference in Individual Category and subsequently Retail participation, I expect Minimum AR to be 41.28

(3)In 2023, number of bidders decreased by 1,29,429 & among them 1,17,951 bidders might be from retail share category and remaining from general category.
(4)
No separate calculation is done based on number of bidders.

Conclusion:

Minimum AR to be between 35.35 to 41.28

If we take other factors into account, then AR of 60 also is possible.

Tata Consultancy Services Buyback 2023

@Jeevan: I think this is how the calculation works:
For 54 shares entitlement was 9 shares and total 19 shares got taken. So for the additional 45 shares tendered (in addition to the 9 entitled shares) the ratio is 10/45. So in your scenario it should approximately be 5 + 15*(10/45) = ~8 shares.
Hope it helps.

Tata Consultancy Services Buyback 2023

@Karan thanks. Is there any possibility in your case 54*0.35 ==> 18.9 so 19 accepted. As 10/45 comes 22.22% only but acceptance is 35%

Tata Consultancy Services Buyback 2023

Zerodha has not yet sent the mail, but from the Moneycontrol news, AR is 35%.

Tata Consultancy Services Buyback 2023

17 out of 52. ICICI Direct trade book

Tata Consultancy Services Buyback 2023

any update from Axis ?

Tata Consultancy Services Buyback 2023

Anyone received any communication from Zerodha ?

Tata Consultancy Services Buyback 2023

Acceptance ratio 3 shares 1 will be accepted for buy back

Tata Consultancy Services Buyback 2023

Acceptance ratio 3 shares 1 will be accepted for buy back
Got sms from broker with contact note.

Tata Consultancy Services Buyback 2023

no update from axis bank ?
has anyone received any messaged from axis bank ?
no email , no message in my account

Tata Consultancy Services Buyback 2023

35 % acceptance ratio as per moneycontrol.