>>     >>     >>   TCS board to consider share buyback on Feb 20

Tata Consultancy Services board to consider share buyback on Feb 20

Tata Consultancy Services (TCS) on Thursday said that its board will hold a meeting next week to consider buying back shares from the market.


By   |  Updated On : February 16, 2017 02:01 PM
Tata Consultancy Services - File Photo (getty)

Tata Consultancy Services - File Photo (getty)

New Delhi :  

India's largest software company Tata Consultancy Services (TCS) on Thursday said that its board will hold a meeting next week to consider buying back shares from the market.

"We would like to inform you that the Board of Directors will consider a proposal for buyback of equity shares of the company at its meeting to be held on February 20, 2017," Tata Consultancy Services Ltd said in a BSE filing.

As of December quarter, TCS has total cash and investments of Rs 431.69 billion—up from Rs 364.84 billion a quarter ago—according to its investor presentation.

Shares of the company were trading 1.16 per cent higher at Rs 2,443.80 on BSE. 

First Published: Thursday, February 16, 2017 01:55 PM


Download the News Nation Mobile App and stay connected with top stories from India and around the world. Available on Android and IOS.


NEXT STORY