IT & ITES News

TCS: TCS board to consider buyback on October 11


Tata Consultancy Services said on Friday that the board of directors will consider a buyback of equity shares during the meeting on October 11. The quantum of buyback was not disclosed.

The company has a board meeting on October 11 to consider the second quarter results for the ongoing fiscal.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
Northwestern University Kellogg Post Graduate Certificate in Product Management Visit
Indian School of Business ISB Digital Transformation Visit
Indian School of Business ISB Professional Certificate in Product Management Visit
Indian School of Business ISB Product Management Visit

TCS closed a Rs 18,000 crore share buyback in March 2022. The buyback was subscribed 7.52 times. According to data provided by stock exchanges, 30.11 crore shares were tendered against the offer size of 4 crore shares. Peer Infosys also completed its last round of Rs 9,300 crore share buyback in February this year. Crosstown rival Wipro closed a Rs 12,000 crore buyback in July.

TCS shares ended 0.8% higher on the BSE today. The buyback announcement was shared with the exchanges after market hours. The street expected TCS to announce a share buyback this quarter.

Discover the stories of your interest

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.


Source link