Tata Consultancy Services (TCS), the most valuable company

Test or wordpressTata Consultancy Services (TCS), the most valuable company of the Tata group, will consider a share buyback, signaling the chairman-designate of parent Tata Sons, N Chandrasekaran, is moving swiftly to demonstrate all is well at the group that ousted Cyrus Mistry from that post recently.

The board of TCS will consider the buyback at a meeting on February 20, TCS told the stock exchanges in a statement on Thursday, sending shares just a wee bit up. As per the law, companies are allowed to go in for a buyback amounting to 10 percent of their net worth without passing a shareholder resolution. As at March 2016, the net worth of TCS is at Rs 58,867 crore. The company can go for 10 percent or Rs 5,886 crore worth of buyback.Test or wordpressTest or wordpress Test Final