| Opening of Offer to Buy – Acquisition Window (Buyback) Tata Consultancy Services Limited |
Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017, has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.
All Market Participants are hereby informed that Tata Consultancy Services Limited (“Company”) has announced offer to buyback fully paid-up Equity Shares of face value of Re. 1.00/- (Rupee One Only) each of the Company upto 7,61,90,476 (Seven Crore Sixty One Lakh Ninety Thousand Four Hundred And Seventy Six) from the Equity Shareholders / beneficial owners of Equity Shares as on August 18, 2018 (The “Record Date”), on a proportionate basis by way of a Tender Offer route through stock exchange mechanism at a price of Rs. 2,100/- (Rupees Two Thousand One Hundred Only) per Equity Share payable in cash for an aggregate consideration not exceeding Rs. 16,000/- crore (Rupees Sixteen Thousand Crore Only) from September 06, 2018 to September 21, 2018.
BSE is the Designated Stock Exchange for this issue.
Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
September 03, 2018
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