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TCS to consider buyback on October 7

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Business News>Markets>Stocks>News>TCS to consider buyback on October 7

Synopsis

TCS is the first technology company to consider a buyback of its shares in the current fiscal. The company had cash reserves of Rs 73,993 crore in March 2020.

In 2018, the company went for a Rs 16,000-crore share buyback.

Bengaluru: Tata Consultancy Services (TCS) will consider a buyback of shares on October 7, when the company board meets for the second quarter results, India’s largest IT services company said on Sunday. In 2018, the company went for a Rs 16,000-crore share buyback. TCS is the first technology company to consider a buyback of its shares in the current fiscal. The company had cash reserves of Rs 73,993 crore in March 2020.

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Suresh Vanwari1 hour ago

great company, great management and managed by through professionals.

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