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TCS Buyback vs Weizmann Buyback

Comparison between TCS Buyback and Weizmann Buyback.

Buyback Details

TCS Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Weizmann Buyback is a Tender Offer proposed to list at BSE, NSE.

 Tata Consultancy ServicesWeizmann Ltd.
LogoTCS Buyback LogoWeizmann Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹1 per share₹10 per share
Buyback Price₹4500 per share₹60 per share
Issue Size4,00,00,000 shares14,12,515 shares
Issue Size (Amount)₹18,000.00 Crores₹8.48 Crores
Buyback Ratio
Buyback Ratio Calculation
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 35 Equity Shares out of every 284 shares held on the record date.
General Category for all other Eligible Shareholders 43 Equity Shares out of every 557 shares held on the record date.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Lead ManagersJM Financial Ltd.Keynote Financial Services Ltd.
Necessity of the buyback

The Buyback aims to :
i) Return excess cash to the shareholders.
ii) Increase shareholder's value in the long term; and
iii) Improve Return on Equity.

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

Buyback Timetable

TCS Buyback and Weizmann Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. TCS Buyback Buyback record date is Feb 23, 2022. Weizmann Buyback Buyback record date is Dec 10, 2021.

 Tata Consultancy ServicesWeizmann Ltd.
Record DateFeb 23, 2022Dec 10, 2021
Offer Open DateMar 09, 2022Jan 13, 2022
Offer Closure DateMar 23, 2022Jan 27, 2022
Last date for receipt of tender formsMar 23, 2022Jan 27, 2022
Finalisation of buybackMar 31, 2022Feb 04, 2022
Last Date for settlment of bidsApr 01, 2022Feb 07, 2022
Last Date for extinguishment of sharesApr 08, 2022Feb 14, 2022

Financial Details and Other Relevent Information

Comparison of TCS Buyback and Weizmann Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Tata Consultancy ServicesWeizmann Ltd.
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,233,870.00 1,413,630.00 1,393,830.00 1,307,970.00
Profit After Tax 283,920.00 309,600.00 332,600.00 300,650.00
Net Worth 923,929.10 747,939.10 743,682.40 788,982.40
Summary of financial Information Consolidated)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 464.21 982.82 964.82 1,066.67
Profit After Tax -0.89 49.22 43.20 85.69
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 3857.00 3695.60 3782.93
Jan-2022 4019.10 3650.10 3847.53
Dec-2021 3736.85 3534.35 3630.88

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 55.70 50.50 52.86
Oct-2021 65.00 45.75 54.26
Sep-2021 51.65 46.00 47.95
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 3856.20 3694.95 3782.74
Jan-2022 4019.15 3649.25 3847.37
Dec-2021 3738.35 3536.40 3631.14

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 55.50 50.60 52.90
Oct-2021 64.40 46.10 54.10
Sep-2021 50.85 45.40 47.89

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Compare:

TCS Buyback and Weizmann Buyback