Tender of shares is an open offer made to the existing shareholders where they are invited to tender their shares to the company at a certain price. There are various reasons for tendering shares and these include takeover, buyback of shares, delisting of shares etc. The most common reason for tendering shares is buyback of shares. Given below is a list of recent tendering of shares done.

Sr No

Company Name

Offer Start Date

Offer End Date

Offer type

Issue type

No of Shares offered

Cumulative Qty (Demat)

Cumulative Qty (Physical)

Total Qty

Floor price/ Offer Price

Accepted quantity after settlement (Demat)*

Accepted quantity after settlement (Physical)*

Number of Times

Allotment price

1

Olectra Greentech Limited

31-Jan-2020

13-Feb-2020

Takeover

Fixed price

1,82,36,148

628

-

628

80.10

628

0

0.00

80.10

2

Indiabulls Ventures Limited

15-Jan-2020

28-Jan-2020

Buy back

Fixed price

6,66,66,666

6,84,96,325

-

6,84,96,325

150.00

6,64,78,635

0

1.03

150.00

3

NIIT Limited

25-Nov-2019

06-Dec-2019

Buy back

Fixed price

2,68,00,000

6,95,32,970

-

6,95,32,970

125.00

17,68,882

0

2.59

125

4

Greaves Cotton Limited

18-Oct-2019

04-Nov-2019

Buy back

Fixed price

1,30,00,000

4,04,84,919

-

4,04,84,919

175.00

11,30,203

0

3.11

175

5

Gandhi Special Tubes Limited

25-Sep-2019

10-Oct-2019

Buy back

Fixed price

9,00,000

47,51,351

-

47,51,351

550.00

1,06,501

0

5.28

550

6

Adani Ports and Special Economic Zone Limited

06-Sep-2019

20-Sep-2019

Buy back

Fixed price

3,92,00,000

24,45,20,849

-

24,45,20,849

500.00

1,32,50,457

0

6.24

500

7

BSE Limited

30-Aug-2019

16-Sep-2019

Buy back

Fixed price

67,64,705

2,41,36,102

-

2,41,36,102

680.00

67,64,705

0

3.57

680

8

Wipro Limited

14-Aug-2019

28-Aug-2019

Buy back

Fixed price

32,30,76,923

4,76,12,69,531

-

4,76,12,69,531

325.00

92,83,435

0

14.74

325

9

NIIT Technologies Limited

15-Jul-2019

26-Jul-2019

Takeover

Fixed price

2,18,46,963

2,35,16,736

-

2,35,16,736

1,394.00

6,03,106

0

1.08

1394

10

FDC Limited

01-Jul-2019

12-Jul-2019

Buy back

Fixed price

34,30,000

2,59,06,357

-

2,59,06,357

350.00

34,30,000

0

7.55

350

11

MindTree Limited

17-Jun-2019

28-Jun-2019

Takeover

Fixed price

5,13,25,371

5,97,80,519

-

5,97,80,519

980.00

15,76,192

0

1.16

980

12

Tech Mahindra Limited

25-Mar-2019

05-Apr-2019

Buy back

Fixed price

2,05,85,000

19,65,28,553

-

19,65,28,553

950.00

83,13,522

0

9.55

950

13

Next Mediaworks Limited

15-Mar-2019

29-Mar-2019

Takeover

Fixed price

1,73,92,157

94,86,823

-

94,86,823

27.00

-

-

0.55

-

14

HEG Limited

08-Mar-2019

22-Mar-2019

Buy back

Fixed price

13,63,636

1,98,04,895

-

1,98,04,895

5,500.00

38,893

17

14.52

5500

15

Oil & Natural Gas Corporation Limited

29-Jan-2019

11-Feb-2019

Buy back

Fixed price

25,29,55,974

65,63,13,038

-

65,63,13,038

159.00

25,29,55,622

352

2.59

159.00

16

SKF India Limited

23-Jan-2019

05-Feb-2019

Buy back

Fixed price

19,00,000

59,03,813

1,810

59,05,623

2,100.00

18,99,562

438

3.11

2100.00

17

NHPC Limited

01-Jan-2019

14-Jan-2019

Buy back

Fixed price

21,42,85,714

96,49,05,761

-

96,49,05,761

28.00

21,98,776

0

4.50

28

18

Mphasis Limited

07-Dec-2018

20-Dec-2018

Buy back

Fixed price

73,20,555

14,12,75,529

-

14,12,75,529

1,350.00

1,69,104

0

19.30

1350

19

National Aluminium Company Limited

13-Nov-2018

28-Nov-2018

Buy back

Fixed price

6,73,11,386

26,89,78,964

-

26,89,78,964

75.00

6,73,11,386

0

4.00

75

20

Infinite Computer Solutions (India) Limited

11-Oct-2018

17-Oct-2018

Delisting

Reverse Book Building

83,44,478

66,34,398

-

66,34,398

258.51

2,11,537

0

0.80

480

21

Tata Consultancy Services Limited

06-Sep-2018

21-Sep-2018

Buy back

Fixed price

7,61,90,476

11,14,65,505

-

11,14,65,505

2,100.00

11,11,866

0

1.46

2100

22

SQS India BFSI Limited

03-May-2018

16-May-2018

Takeover

Fixed Price

27,85,480

-

-

482.95

5,003

0

-

482.95

23

Gandhi Special Tubes Limited

06-Mar-2018

19-Mar-2018

Buy back

Fixed price

8,80,000

49,16,759

-

49,16,759

500.00

1,00,997

0

5.59

500

24

Polaris Consulting & Services Limited

30-Jan-2018

05-Feb-2018

Delisting

Reverse Book Building

2,66,83,240

1,96,81,298

-

1,96,81,298

232.37

2,81,870

0

0.74

480

25

Infosys Limited

30-Nov-2017

14-Dec-2017

Buy back

Fixed price

11,30,43,478

56,51,38,861

2,06,491

56,53,45,352

1,150.00

46,49,353

0

5.00

1150

26

Wipro Limited

29-Nov-2017

13-Dec-2017

Buy back

Fixed price

34,37,50,000

1,16,41,40,301

-

1,16,41,40,301

320.00

82,71,551

13,794

3.39

320

27

MindTree Limited

18-Aug-2017

01-Sep-2017

Buy back

Fixed price

42,24,000

3,24,96,500

135

3,24,96,635

625.00

26,50,060

20

7.69

625

28

The Anandam Rubber Company Limited

05-Jun-2017

16-Jun-2017

Takeover

Fixed Price

7,90,400

3,30,000

-

3,30,000

15.00

3,30,000

0

0.42

15

29

Sona Koyo Steering Systems Limited

30-May-2017

12-Jun-2017

Takeover

Fixed Price

5,16,72,877

5,01,50,969

-

5,01,50,969

84.00

5,01,50,969

0

0.97

84

30

MphasiS Limited

12-May-2017

25-May-2017

Buy back

Fixed Price

1,73,70,078

15,33,64,206

-

15,33,64,206

635.00

1,23,50,924

0

8.83

635

31

NHPC Limited

03-Mar-2017

17-Mar-2017

Buy back

Fixed price

81,13,47,977

1,34,33,33,899

-

1,34,33,33,899

32.25

1,14,55,980

0

1.66

32.25

32

Vardhman Acrylics Limited

13-Feb-2017

27-Feb-2017

Buy back

Fixed price

1,38,00,000

1,26,56,686

-

1,26,56,686

50.00

1,26,44,090

0

0.92

50

33

Hexaware Technologies Limited

02-Feb-2017

15-Feb-2017

Buy back

Fixed price

56,94,835

2,60,68,829

-

2,60,68,829

240.00

37,81,097

0

4.58

240

34

ECE Industries Limited

26-Dec-2016

30-Dec-2016

Delisting

Reverse Book Building

24,21,416

17,23,291

-

17,23,291

202.56

17,09,671

0

0.71

204

35

Lakshmi Machine Works Limited

13-Dec-2016

26-Dec-2016

Buy back

Fixed price

3,11,000

27,03,939

130

27,04,069

4,450.00

22,631

8

8.69

4450

36

Max Ventures and Industries Limited

28-Sep-2016

13-Oct-2016

Takeover

Fixed Price

1,84,73,049

573

-

573

31.50

60

0

0.00

31.5

37

National Aluminium Company Limited

30-Aug-2016

14-Sep-2016

Buy back

Fixed price

64,43,09,628

64,43,19,124

-

64,43,19,124

44.00

6,281

0

1.00

44

38

Wipro Limited

17-Jun-2016

30-Jun-2016

Buy back

Fixed price

4,00,00,000

58,60,56,338

56

58,60,56,394

625.00

3,98,02,931

1,97,069

14.65

625

39

Smartlink Network Systems Limited

06-Jun-2016

17-Jun-2016

Buy back

Fixed price

74,54,850

96,94,129

-

96,94,129

110.00

74,54,850

0

1.30

110

40

Essar Oil Limited

15-Dec-2015

21-Dec-2015

Delisting

Reverse Book Building

14,24,89,858

10,10,81,845

-

10,10,81,845

146.05

2,97,74,346

19,650

0.71

262.8

41

Tide Water Oil Company (India) Limited

15-Dec-2015

30-Dec-2015

Takeover

Fixed Price

2,26,512

38,765

-

38,765

17,505.00

38,765

0

0.17

17505

42

Astec Lifesciences Limited

24-Nov-2015

08-Dec-2015

Takeover

Fixed price

50,67,259

13,60,491

-

13,60,491

246.60

13,60,491

0

0.27

246.6

43

VJIL Consulting Limited

24-Nov-2015

08-Dec-2015

Takeover

Fixed price

23,03,300

6,38,979

-

6,38,979

12.00

6,38,979

0

0.28

12

44

Seamec Limited

02-Nov-2015

17-Nov-2015

Buy back

Fixed price

84,75,000

1,11,09,922

-

1,11,09,922

125.00

77,22,435

1,197

1.31

125.00

45

Essar Ports Limited

30-Oct-2015

05-Nov-2015

Delisting

Reverse book building

10,72,90,990

7,88,98,621

1,761

7,89,00,382

93.66

7,87,31,415

5,118

0.74

133.00

46

Span Divergent Limited (formerly Known as Span Diagnostics Limited)

29-Sep-2015

13-Oct-2015

Buy back

Fixed price

18,19,000

17,72,126

-

17,72,126

65.00

5,63,539

0

0.97

65

47

Clariant Chemicals (India) Limited

22-Sep-2015

07-Oct-2015

Buy back

Fixed price

35,78,947

51,47,752

-

51,47,752

950.00

5,67,390

1,547

1.44

950

48

Sasken Communication Technologies Limited

10-Aug-2015

24-Aug-2015

Buy back

Fixed price

41,57,000

35,92,416

4,408

35,96,824

260.00

8,96,640

0

0.87

260

As can be seen from the above table, the most common reason for tendering of shares is buyback of shares. However, with the recent buyback tax imposed by the government of India in the 2019 budget, the number of buybacks have certainly taken a back seat.