TCS buyback offer: Tata Sons tenders shares worth Rs 10,000 crore

Tata Sons tendered shares worth Rs 9,997 crore of Tata Consultancy Services (TCS) during the IT major’s Rs 16,000 crore-buyback offer that concluded recently.

The single largest shareholder of TCS, Tata Sons tendered more than 33.3 million shares during the offer, according to a regulatory filing.

TCS said over 53.3 million equity shares were bought back under the offer at a price of Rs 3,000 apiece and of the total, Tata Sons’ 3,33,25,118 shares were accepted under the buyback offer. The total amount utilised for the buyback offer — which opened on December 18, 2020 and closed on January 1, 2021 —