TCS board to consider share buyback plan on January 12 – The Hindu BusinessLine

Clipped from: https://www.thehindubusinessline.com/info-tech/tcs-board-to-consider-share-buyback-plan-on-january-12/article38177681.ece

WIDE

This will be the fourth buyback offer from TCS

Tata Consultancy Services has announced that its board will consider on January 12 a share buyback proposal.

The company did not disclose the extent of the buyback. The IT major’s last buyback between December 18, 2020 and January 1, 2021 was for ₹16,000 crore.

This will be the fourth buyback offer from TCS. Besides the ₹16,000-crore buyback last time, it has previously acquired shares worth ₹8,260 crore and ₹ 13,000 crore.

Interim dividend

The board meeting will also consider a third interim dividend.

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