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TCS to buy back shares...

MUMBAI: TCS will buy back about...

TCS to buy back shares worth Rs 17k crore

MUMBAI: TCS will buy back about Rs 17,000-crore worth of its own stock, a bullish sign amid a volatile macroeconomic environment. It will buy up to 4 crore shares, representing 1.1% of its equity capital, at Rs 4,150 apiece, it announced as part of its second quarter earnings. The buyback price is at a premium of 15% to TCS's stock trading rate of Rs 3,610 on the BSE on Wednesday. However, it was below street expectations and lower than the company's 2022 buyback price of Rs 4,500 a...

Karl Jörg - October 12, 2023

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TCS to buy...

MUMBAI: TCS will buy back about Rs 17,000-crore worth of its own stock, a bullish sign amid a volatile macroeconomic environment. It will...

Karl Jörg - October 12, 2023

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