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Tech Mahindra Limited Buy-Back Details

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.9 billion company with 121,840+ professionals across 90 countries, helping over 935 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018).
Tech Mahindra Limited Buy-Back Details
Date of Board Meeting for Buyback Proposal 21-02-2019
Date of Buyback Approval 21-02-2019
Date Public Announcement of Buyback 21-02-2019
Buyback Type Tender Offer
Buyback Record Date 06-03-2019
Buyback Opening Date 25-03-2019
Buyback Closing Date 05-04-2019
Buyback Amount ₹ 1956 Cr
Buyback Number of Share 2,05,85,000
Buyback Price ₹ 950 Per Share
Face Value ₹ 5
Holding Time 3 Months
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Profit acceptance Ratio
Buy 210 Shares at CMP ₹ 820 [2,00,000/ 950 = 210]
Acceptance Ratio 33% 50% 75% 100%
Buy Price ₹ 820 ₹ 820 ₹ 820 ₹ 820
Amount Invested in Buyback ₹ 1,72,200 ₹ 1,72,200 ₹ 1,72,200 ₹ 1,72,200
No. of Shares Buy 210 210 210 210
Earning Per Share ₹ 130 ₹ 130 ₹ 130 ₹ 130
No. of Shares Buy-Back 69 105 158 210
BuyBack Profit ₹ 9009 ₹ 13650 ₹ 20475 ₹ 27300
Profit(%) - % - % - % - %
Tech Mahindra Limited Contact Details
Tech Mahindra Limited
Gateway Building, Apollo Sunder
Mumbai 400 001, India
CIN L64200MH1986PLC041370
Website:- https://www.techmahindra.com
Registrar of Tech Mahindra Limited
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