The compensation deal, which was previously announced at the end of March, was agreed with the Financial Conduct Authority (FCA).
It will compensate investors who were net purchasers of Tesco shares or certain Tesco listed bonds between 29 August 2014 and 19 September 2014.
Each net purchaser of shares will be entitled to compensation of 24.5p per share purchased, plus interest at 1.25% a year if the net purchaser is an institutional investor or 4% a year if the net purchaser is a retail investor.
Tesco has appointed KPMG to administer the compensation scheme, with oversight from the FCA.
Commenting at the time of the announcement in March, FCA chief executive Andrew Bailey said: ‘Dissemination of information that gives a false or misleading impression as to traded securities harms the integrity of our markets.
‘Tesco and its board are doing the right thing here, taking appropriate responsibility and agreeing to rectify the consequences of the misconduct.
‘They have cooperated fully with us and this sets a good example for the market and so is a good outcome for Tesco and investors.’
In a trading update in September 2014, Tesco said that it expected profit in the first half to be around £1.1 billion.
Within a month however the group admitted that it had ‘identified an overstatement of its expected profit for the half year, principally due to the accelerated recognition of commercial income and delayed accrual of costs’.