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.
PTI New Delhi Updated on: 16 Feb 2017, 14:01 PM
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.
For all the Latest Business News, Companies & Commodities News, Download News Nation Android and iOS Mobile Apps.
First Published : 16 Feb 2017, 13:55 PM
More from Business
Take Control Of Your Financial Goals: Apply For A Personal Loan Now
Nihal Dangoria: An Indian Entrepreneur Making a Bright Future For The Real Estate Industry
Data breach incident at Extramarks highlights growing cybersecurity concerns in Indian companies
How is ePayLater empowering retailers across the country
Follow your heart, but don't ignore your mind When it comes to investing