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TCS Buyback

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 ₹ 3,750(maximum possible)per Equity Share. Accordingly, all Eligible Shareholders holding not more than 53
Equity Shares as on the Record Date are classified as ‘Small Shareholders’ for the purpose of the buyback offer.

TCS Buyback

As per this extract, closing price on record date 23rd. How can they decide at 3750 price "was" when the share trading now is in progress with exchange open? Highest trading volume & closing price will be known only today EOD.

TCS Buyback

Exactly!!
So confusing..

TCS Buyback

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.

TCS Buyback

I bought 22 shares on Monday morning but in zerodha it is still showing T1 and in cdsl app it is not showing does it mean I am not able to participate in buyback ??

TCS Buyback

you are eligible for buyback....don't worry.....

TCS Buyback

@lokes ji, I bought shares on Monday, and called my broker, he said that shares are not in my demat yet... can I do anything? Thanks!.

TCS Buyback

Based on the end price 3563.80 today, ppl holding 56 shares and under on today in demat acc are eligible under retail category

TCS Buyback

I bought 44 shares on Monday afternoon but in sbi securities it is still showing Unsettled Stock does it mean I am not able to participate in buyback ??

TCS Buyback

@Lokesh, @ Ksrk sir ji,

I sold TCS shares on 22nd days, can I still eligible for buy back if I purchased the shares before tender date

TCS Buyback

@lokes, @ksrk sir,

i have TCS sold share on 22nd which was in my demat account. can i still eligible for buback offer if i again purchase the share before tender date.

TCS Buyback

Kindly let me know Tcs buyback procedure

TCS Buyback

@lokes, @ksrk ji and other experienced fellows,

anyone hedging their bets by selling TCS future or selling call or buying put
what strategy are you employing

Also, anyone thinking of selling some shares tomorrow and re-buying at a later date because arket is quite volatile and IT shares can crack further

TCS Buyback

@Aaashish : No hedging etc from me. i have already given my opinion here in reply to @have faith in this same page yesterday.

TCS Buyback

I have hedged from the day of buyback announcement. Till date I have reduced my buying cost by about Rs. 70/- by simply selling CE. I have more quantity and hence it seemed a good idea to hedge. If you have small quantity, buying more at lower levels may be a better idea.

James Warren Tea Buyback

No meaning for buyback. no differece in cmp or buyback price.
perhaps cmp may be rise before buyback record price. so its totally loss making offer. No logic for buyback for customers

TCS Buyback

Hi I bought 22 shares on Monday morning but in zerodha it is still showing T1 and in cdsl app also it is not showing in holding does it means I am not eligible for buyback ??

TCS Buyback

According to financial express....
..
Buyback Size: Rs 18,000 crore
– Buyback Price: Rs 4500/share
– CMP (as of 21 Feb 2022): Rs 3720/share
– Buyback Premium: Rs 780/share (17.3%)
– Record Date: 23rd February 2022
– Total number of shares to be bought back: 4 crore shares (1.1% of paid-up equity)
– Shares reserved for small shareholders: ~0.6 crore shares (15% of buyback offer)
– Based on Buy Back price of Rs 4500, one can tender up to 44 shares (Rs 2,00,000/4500) to be eligible for Retail category
This should make all if.. buts doubt clear

TCS Buyback

@Asoke Sarkar
There is a confusion in your prev post.

Can you tell what as per Anil singhvi , would be the date and price that would be taken into consideration for retail ? Is it Ex-Date viz 22Feb and Price at the start of the Ex date ie 3720 that one should use for calculating elilibilty?

TCS Buyback

Dear All
There appears a confusion about market price on record date to determine small shareholders eligibility.

Share price determining eligibility is given by the stock exchange where TCS planned to conduct the buy back later, NSE or BSE. The said exchange provides share price on 23rd EOD, today to buy back window based on traded price with the highest volume on 23rd. It takes into reckoning prices with volumes over entire trading duration today and aggregates to arrive with traded price. It is not closing price as the last few trades before closing can be manipulated to benefit or not benefit shareholders on the edge.

To be eligible below 2 lakh , one could have purchased shares up to say 50~52 shares at 3720. This would have meant cutting it close, if record date price spikes above 3800. So experts here advocated computing the quantity with 4500 with safe margin.

Trust this helps.

TCS Buyback

For the first time in my life, I bought TCS shares and will hold till buyback for tendering.

Also, if it goes down more, might add more quantity for swing trading (15-30 days) purpose only (no long term holding).

TCS Buyback

15 Lac Shareholder till 31st december and assume maximum 5 lac applicants may be increased for buyback.
Total 10 Lac applicants who will participate in buyback and around 30000 applicants will apply with 2 lac means around 50 share
30000 x 50 = 1500000 ( 15 lac shares)
Rest 1lac applicants with 25 Share
100000 x 25 = 2500000
870000x 10 share = 8700000

8700000+1500000+2500000= 12700000
Available share 60 lac / 1.27 lac = 47.24 % Acceptance ratio.

If Retail Participation will be decreased or not applied then it may be increased ratio.
Then maximum 70 % Acceptable.

As per my assumption it may be in-between 50 % to 70 %. AR

TCS Buyback

Please inform once buyback window opens.

TCS Buyback

@hostpacker. You have taken 15 lacs individuals as small investors as per share holding pattern but not all 15 lacs are small investors. If you divide total number of shares held by them than you will come to know. These 15 lacs are shareholders holding share capital (not value) less than 2 lacs. Share capital is no. of shares multiply by face value whereas share value is no. of shares multiply by cmp. Hope its clear

TCS Buyback

Experts please suggest possible ways to hedge tcs holding 22 shares at price of 3800

TCS Buyback

Today sold at 3650 and covered at 3580... Tomorrow if open near 3500 then may do opposite ...

TCS Buyback

Friends, any idea whats wrong with TCS? Infoys up today but TCS down very sharply today?

TCS Buyback

Some people had bought TCS only for being eligible for buyback. Many of them exited today, after recording their eligibility.
They think that TCS will go down further and then it will be time to buy and tender their shares in buyback.

TCS Buyback

WHICH IS THE LAST DATE FOR REENTRY IF I SELL MY TCS HOLDING AFTER RECORD DATE ?

TCS Buyback

When will Zerodha show buyback button?

TCS Buyback

this is all in the hands of TCS as to when they will declare the tender window

TCS Buyback

Ye toh neche ja raha hai.
Ex buyback ho gaya. Hope karo ki 4000 pe aa jaye phire se warna samjo lag gaye sab k.🤣

TCS Buyback

LOOKS LIKE A GOOD TIME TO ACCUMULATE THEN

FDC Buyback

When it will disburse? Buyback