TCS Board approves Rs 16,000 crore share buyback
Monday, February 20, 2017, 6:05 PM
Tata Consultancy Services (TCS), India’s biggest software services exporter, on Monday approved share buyback plan of up to Rs 16,000 crores. Promoters of TCS currently holds 73.33% in the company. The buyback is 11% premium to the current market price. TCS in a stock exchange filing said that its board approved the buyback of up to 56.1 million shares at Rs 2,850 each.