<p>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.</p>.<p>The single largest shareholder of TCS, Tata Sons tendered more than 3.33 crore shares during the offer, according to a regulatory filing.</p>.<p>TCS said over 5.33 crore equity shares were bought back under the offer at a price of Rs 3,000 apiece and out of the total, Tata Sons' 3,33,25,118 shares were accepted under the buyback offer.</p>.<p>The total amount utilised for the buyback offer -- which opened on December 18, 2020 and closed on January 1, 2021 -- was around Rs 16,000 crore, as per the filing.</p>.<p>The shares tendered by Tata Sons were worth Rs 9,997.5 crore.</p>.<p>Among others, Life Insurance Corporation of India (LIC) and RBC Emerging Markets Equity Fund tendered around 16.69 lakh shares and 7.69 lakh shares of TCS, respectively.</p>.<p>Late last year, TCS CEO and Managing Director Rajesh Gopinathan said the company is focused on its policy to return capital to shareholders.</p>.<p>The Mumbai-based company's cash reserves stood at Rs 58,500 crore as of September 2020.</p>.<p>In October 2019, TCS' board declared a special dividend of Rs 40 per equity share. In 2018, TCS had undertaken a share buyback of about Rs 16,000 crore, while it had conducted a similar share purchase exercise in 2017 also</p>
<p>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.</p>.<p>The single largest shareholder of TCS, Tata Sons tendered more than 3.33 crore shares during the offer, according to a regulatory filing.</p>.<p>TCS said over 5.33 crore equity shares were bought back under the offer at a price of Rs 3,000 apiece and out of the total, Tata Sons' 3,33,25,118 shares were accepted under the buyback offer.</p>.<p>The total amount utilised for the buyback offer -- which opened on December 18, 2020 and closed on January 1, 2021 -- was around Rs 16,000 crore, as per the filing.</p>.<p>The shares tendered by Tata Sons were worth Rs 9,997.5 crore.</p>.<p>Among others, Life Insurance Corporation of India (LIC) and RBC Emerging Markets Equity Fund tendered around 16.69 lakh shares and 7.69 lakh shares of TCS, respectively.</p>.<p>Late last year, TCS CEO and Managing Director Rajesh Gopinathan said the company is focused on its policy to return capital to shareholders.</p>.<p>The Mumbai-based company's cash reserves stood at Rs 58,500 crore as of September 2020.</p>.<p>In October 2019, TCS' board declared a special dividend of Rs 40 per equity share. In 2018, TCS had undertaken a share buyback of about Rs 16,000 crore, while it had conducted a similar share purchase exercise in 2017 also</p>