TCS board approves buyback of up to 5.6 cr shares at Rs 2850/sh

Name: TCS board approves buyback of up to 5.6 cr shares at Rs 2850/sh
Uploaded: 2017-02-20T17:12:21+05:30
Description: TCS board approves buyback of up to 5.6 cr shares at Rs 2850/sh

Ritesh Presswala

February 20, 2017 / 20:30 IST

The Tata Consultancy Services (TCS) board today announced buyback of up to 5.6 crore equity shares of the company for an aggregate amount not exceeding Rs 16,000 crore.

The buyback offer constitutes 2.85 percent of total paid-up equity share capital. The buyback price has been set at Rs 2,850 per share, a 11 percent premium to the current market price.

CNBC broke this news last.

Ritesh Presswala Research Analyst at Moneycontrol

first published: Feb 20, 2017 05:12 pm

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