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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 | Updated on: 16 Feb 2017, 02:01:50 PM
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. 

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First Published : 16 Feb 2017, 01:55:00 PM

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