Tata Consultancy Services : Buyback

TCS/BM/189/SE/2021-22
January 12, 2022
National Stock Exchange of India Limited	BSE Limited
Exchange Plaza, C-1, Block G, Bandra Kurla	P.J. Towers,
Complex, Bandra (East)	Dalal Street,
Mumbai - 400051	Mumbai - 400001
Symbol - TCS	Scrip Code No. - 532540

Dear Sirs,

Sub: Outcome of Board Meeting - Proposal for buyback of equity shares of the Company

Further to our intimation dated January 7, 2022 and in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today has approved a proposal to buyback up to 4,00,00,000 (Four crore) Equity Shares of the Company for an aggregate amount not exceeding ₹18,000 crore (Rupees eighteen thousand crore only) (hereinafter referred to as the "Buyback Size") being 1.08% of the total paid-up equity share capital, at ₹4,500 (Rupees four thousand five hundred only) per Equity Share (hereinafter referred to as the "Buyback Price").

The buyback is proposed to be made from the shareholders of the Company on a proportionate basis under the tender offer route using the stock exchange mechanism in accordance with the provisions contained in the SEBI (Buy-Back of Securities) Regulations, 2018 (hereinafter referred to as the "Buyback Regulations") and the Companies Act, 2013 and rules made thereunder. The Buyback Size does not include transaction costs, applicable taxes and other incidental and related expenses.

The Buyback is subject to approval of the Shareholders by means of a special resolution through a postal ballot. The public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the Buyback Regulations.

TATA Consultancy Services Limited

9th Floor Nirmal Building Nariman Point Mumbai 400 021

Tel. [phone] Fax [phone] [e-mail] www.tcs.com

Registered Office 9th Floor Nirmal Building Nariman Point Mumbai 400 021.

Corporate identification No. (CIN): L22210MH1995PLC084781

The pre-buyback shareholding pattern as on January 7, 2022 is enclosed at Annexure A. The above information is also available on the website of the Company: www.tcs.comThis is for your information and record.

Thanking you,

Yours faithfully,

For Tata Consultancy Services Limited

Pradeep Manohar Gaitonde

Company Secretary

cc:

National Securities Depository Limited Central Depository Services (India) Limited TSR Darashaw Consultants Private Limited

			Annexure A
Pre-Buyback Shareholding Pattern of the Company as on January 7, 2022
Particulars	No. of shareholders	No. of shares	% of shares
Promoter Companies	9	267,02,04,298	72.19
Indian Financial Institutions /	460	28,83,74,333	7.80
Banks/MF/Insurance Companies
FIIs/FPIs/NRIs/Foreign National and	34,750	56,33,00,352	15.23
OCB
Resident Individuals and others	15,72,915	14,35,20,206	3.88
Clearing Members	311	5,42,300	0.01
Bodies corporate/LLP/Trust/NBFC	6,291	3,31,09,884	0.90
Grand Total	16,14,736	369,90,51,373	100.00

The post buyback shareholding pattern of the Company shall be ascertained subsequently.