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TCS says founders Tata Sons will participate in share buyback

TCS says founders Tata Sons will participate in share buyback

Thursday, March 2, 2017, 10:01 AM

Tata Consultancy Services (TCS), is planning a Rs 16,000 crore share buyback. The company on Wednesday said that the founder group of the company, has planned to participate in the proposed buyback. TCS is part of the Tata conglomerate, whose holding company is Tata Sons Ltd. According to stock exchange data, Tata sons owned 73.26% of TCS, as of the end of December.
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