TCS announces ₹16,000 crore share buyback1 min read . Updated: 07 Oct 2020, 06:53 PM IST
- TCS shares today hit a record high of ₹2,769 on BSE
- In 2018, the Mumbai-based company had also undertaken a share buyback programme worth up to ₹16,000 crore
The board of IT major TCS today approved a proposal of share buyback worth up to ₹16,000 crore. TCS plans to buy back up to 5.33 crore equity shares of the company for an aggregate amount not exceeding 16,000 crore. TCS proposed to buy back shares at ₹3,000 per share, which is at a premium as compared to its today's closing price of ₹2,737.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started
Select your Category