alexa
 
Home News TCS to buy back 2.85% of its shares

Read more interesting news from around the globe with Indianmoney App

Google Play
 
TCS to buy back 2.85% of its shares

TCS to buy back 2.85% of its shares

Tuesday, February 21, 2017, 9:39 AM

Tata Consultancy Services Ltd, will buy back shares worth Rs 16,000 crore at a fixed price of Rs 2,850 each. This is an 18.3% premium over TCS’s share price ahead of the announcement. TCS plans to buy back 56.1 million shares, or 2.85% of its equity capital. TCS shares rose 4.08% to Rs 2,506.50 apiece, a five-month high, on BSE on Monday.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Get It now!