TCS buyback acceptance ratio at 35%, better than last time

The company planned to repurchase 4.09 crore shares at Rs 4,150 apiece and received bids for 26 crore shares

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26 Aug, 2025 12:21

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Tata Consultancy Services (TCS) has determined the acceptance ratio of its buyback issue at around 35 percent, several investors who tendered their shares said.

The acceptance ratio refers to several shares accepted to be bought by the company against the number of tendered shares. The ratio was 24 percent during the 2022 buyback.

For small shareholders, the ratio of buyback (i.e. eligible number of shares to be tendered for the number of shares held) was determined at one share for every six shares held as of the record date. For other shareholders, it was two shares for every 209 shares held by them.

The company planned to repurchase 4.09 crore shares at Rs 4,150 apiece and received bids for 26 crore shares.

Tata Sons and Tata Investment Corporation, promoters of the company, had also indicated their intention to participate in the buyback. The promoters had intended to tender 2.96 crore shares during the buyback.

Their combined shareholding of promoters is expected to rise to 72.41 percent from the current 72.3 percent buyback.

The mega Rs 17,000 crore buyback offer from Tata Consultancy Services witnessed a strong response from investors, as it was subscribed 6.5 times, according to BSE data. The buyback offer that opened on December 1 closed on Thursday.

This is the fifth buyback offer from the Tata Group company. In 2017, TCS launched its first buyback offer for Rs 16,000 crore; this was followed by two buybacks of Rs 16,000 crore each in June 2018 and October 2020; and the last one was in January 2022 worth Rs 18,000 crore.