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On Friday, TCS announced a final dividend of Rs 28 per share. This was in addition to Rs 45 per share announced over the financial year. In total, TCS paid Rs 73 per share in dividends and completed Rs 17,000 crore in share buyback during the financial year.
Acceptance ratio refers to number of shares accepted to bought by the company against the number of tendered shares. The ratio was 24 percent during 2022 buyback.
TCS buyback represents 1.12 per cent of the IT giant's total issued and paid-up equity share capital of TCS as of September 30; TCS Buyback Offer To Close Today: Should You Tender Shares?
“It all comes back to the horizon of investing. As long as you are comfortable with the medium- to long-term investment horizon and you are comfortable with the sectors and companies' financials, then there is no reason for anybody to kind of look at exit. One should continue to hold on to good quality stocks.”
TCS’ existing shareholders, who held TCS shares worth less than Rs 2 lakh on November 25 (record date) could use the buyback route and tender their shares, maximum of 57 shares, to get premium buyback price of Rs 4,150.