Overview
- The tender window runs Nov. 20–26 to repurchase up to 10 crore shares, equal to about 2.41% of equity, at a fixed price of Rs 1,800 per share.
- Eligibility was set by the Nov. 14 record date, with entitlement ratios of 2:11 for small shareholders and 17:706 for the general category.
- A 15% reservation applies to small shareholders, and promoters holding 13.05%—including Nandan M. Nilekani and Sudha Murty—are not participating.
- Filed milestones include registrar verification by Dec. 1, acceptance updates on Dec. 2, payment and return of unaccepted shares by Dec. 3, and share extinguishment by Dec. 12.
- Under revised tax rules, buyback proceeds are taxed at the investor’s slab rate with 10% TDS on amounts above Rs 1,000, affecting net outcomes versus selling on the exchange.