HomeNewsBusinessMarketsTCS buyback 2023 soon: IT giant purchased Rs 66k cr worth of shares in last 4 buybacks

TCS buyback 2023 soon: IT giant purchased Rs 66k cr worth of shares in last 4 buybacks

Buybacks by TCS are usually followed by similar announcements by other major IT firms, especially Infosys and Wipro. A buyback is one of the most tax efficient ways to reward shareholders, as profits on tendering shares during a buyback are tax-free.

Shubham Raj

October 11, 2023 / 09:53 IST

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Analysts expect that the softness observed in the past two quarters will continue, even as the company secured significant orders in recent months, as profit realisation will require time.

Shubham Raj has six years of experience covering capital markets. He primarily writes on stocks with special focus on F&O and PMS-AIF industry.

first published: Oct 11, 2023 07:00 am

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TCS buyback 2023 soon: IT giant purchased Rs 66k cr worth of shares in last 4 buybacks

Buybacks by TCS are usually followed by similar announcements by other major IT firms, especially Infosys and Wipro. A buyback is one of the most tax efficient ways to reward shareholders, as profits on tendering shares during a buyback are tax-free.

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