This is further to our letter no. TCS/BM/189/SE/2021-22 dated January 12, 2022, informing the Stock Exchanges about the decision of the Board of Directors of the Company for buyback of up to 4,00,00,000 (Four crore) fully paid-up Equity Shares of face value of Re.1 each, being 1.08% of the total paid up equity share capital, at Rs.4,500 (Rupees four thousand five hundred only) per equity share for an aggregate amount not exceeding Rs.18,000 crore (Rupees eighteen thousand crore only) (excluding transaction costs, applicable taxes and other incidental and related expenses) on a proportionate basis, through the 'Tender Offer' route using stock exchange mechanism.
In terms of Regulation 30 of the SEBI Listing Regulations, we enclose a copy of postal ballot notice seeking the approval of members for buyback of equity shares by way of special resolution.
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