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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
