Tender Form For Dematerialized Equity Shares Tcs Buyback 2018
Tender Form For Dematerialized Equity Shares Tcs Buyback 2018
Tender Form For Dematerialized Equity Shares Tcs Buyback 2018
To,
The Board of Directors
Tata Consultancy Services Limited
C/o. Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg, Vikhroli (West) Mumbai 400 083
Tel: +91 22 4918 6300; Fax: +91 22 4918 6195
Dear Sirs,
Sub: Letter of Offer dated Wednesday, August 29, 2018 in relation to the buyback of up to 7,61,90,476 (Seven crore sixty one lakh ninety thousand four hundred
seventy six) Equity Shares of Tata Consultancy Services Limited (“Company”) at a price of ` 2,100 (Rupees Two thousand one hundred only) per Equity Share
(“Buyback Offer Price”) payable in cash (“Buyback”)
1. I / We, (having read and understood the Letter of Offer dated Wednesday, August 29, 2018) hereby tender my / our Equity Shares in response to the Buyback in
accordance with the terms and conditions set out below and in the Letter of Offer.
2. I / We authorize the Company to buy back the Equity Shares offered (as mentioned below) and to issue instruction(s) to the Registrar to the Buyback to
extinguish such Equity Shares.
3. I / We hereby affirm that the Equity Shares comprised in this tender are offered for the Buyback by me / us free from all liens, equitable interests, charges and
encumbrances.
4. I / We declare that there are no restraints / injunctions or other order(s) of any nature which limits / restricts in any manner my / our right to tender / offer Equity
Shares for the Buyback and that I / we am / are legally entitled to tender / offer for the Buyback.
5. I / We agree that the Company will pay the Buyback Offer Price only after due verification of the validity of the documents and that the consideration will be
paid as per secondary market mechanism.
6. I / We acknowledge that the responsibility to discharge the tax due on any gains arising on Buyback is on me / us. I / We agree to compute gains on this
transaction and immediately pay applicable taxes in India and file tax return in consultation with our custodians / authorized dealers / tax advisors appropriately.
7. I / We undertake to indemnify the Company if any tax demand is raised on the Company on account of gains arising to me / us on Buyback of shares. I / We
also undertake to provide the Company, the relevant details in respect of the taxability / non-taxability of the proceeds arising on Buyback of shares by the
Company, copy of tax return filed in India, evidence of the tax paid, etc.
8. I / We agree that the excess demat Equity Shares or unaccepted demat Equity Shares tendered, if any, may be delivered to the Selling Member by the Clearing
Corporation at payout.
9. I / We undertake to return to the Company any consideration in respect of the Buyback that may be wrongfully received by me / us.
10. I / We undertake to execute any further documents and give any further assurances that may be required or expedient to give effect to my / our tender / offer
and agree to abide by any decision that may be taken by the Company to effect the Buyback in accordance with the Act and the Buyback Regulations.
11. Details of Equity Shares held and tendered / offered in the Buyback:
Particulars In Figures In Words
Number of Equity Shares held as on
Record Date (August 18, 2018)
DP ID No.
Particulars First / Sole Holder Joint Shareholder 1 Joint Shareholder 2 Joint Shareholder 3
Signature(s)*
PAN
INSTRUCTIONS:
1. The Buyback will open on Thursday, September 6, 2018 and close on Friday, September 21, 2018.
2. This Tender Form has to be read along with the Letter of Offer and is subject to the terms and conditions mentioned in the Letter of Offer.
3. Eligible Shareholders who desire to tender their Equity Shares in the dematerialized form under the Buyback would have to do so through their respective
Selling Member by indicating the details of Equity Shares they intend to tender under the Buyback.
4. The Equity Shares tendered in the Buyback shall be rejected if (i) the Equity Shareholder is not an Eligible Shareholder of the Company as on the Record Date;
(ii) if there is a name mismatch in the demat account of the Eligible Shareholder, (iii) in case of receipt of the completed Tender Form and other documents but
non-receipt of Equity Shares in the special account of the Clearing Corporation, or (iv) a non-receipt of valid bid in the exchange bidding system.
5. The Eligible Shareholders will have to ensure that they keep the DP account active and unblocked to receive credit in case of return of Equity Shares due to
rejection or due to the Buyback being on a proportionate basis in terms of the Buyback Entitlement.
6. In case of non-receipt of the Letter of Offer, Eligible Shareholders holding Equity Shares may participate in the Buyback by providing their application in plain
paper in writing signed by all Eligible Shareholders (in case of joint holding), stating name and address of the Eligible Shareholder(s), number of Equity Shares
held as on the Record Date, Client ID number, DP Name, DP ID, beneficiary account number and number of Equity Shares tendered for the Buyback.
7. Eligible Shareholders to whom the Buyback is made are free to tender Equity Shares to the extent of their Buyback Entitlement in whole or in part or in excess of
their Buyback Entitlement.
8. All documents sent by Eligible Shareholders will be at their own risk. Eligible Shareholders are advised to safeguard adequately their interests in this regard.
9. By agreeing to participate in the Buyback the Non-Resident Shareholders give the Company the authority to make, sign, execute, deliver, acknowledge and
perform all applications to file regulatory reporting, if required, including FC-TRS form, if necessary and undertake to provide assistance to the Company for
such regulatory reporting, if required by the Company.
10. The Tender Form and TRS is not required to be submitted to the Company, Manager or the Registrar. After the receipt of the demat Equity Shares by
the Clearing Corporation and a valid bid in the exchange bidding system, the Buyback shall be deemed to have been accepted for the Eligible
Shareholders holding Equity Shares in demat form.
For details, please also read and follow the procedures set out in the Paragraphs 19, 20 and 21 in the Letter of Offer.
All capitalised items shall have the meaning ascribed to them in the Letter of Offer