TCS buyback on Board agenda today. Here is what to expect

image_pdfimage_print

The company’s networth stands at USD 12.4 billion. According to buy back rules, if TCS wants to avoid a shareholder nod, it can opt for a 10 percent buyback of shares which would be arounf USD 1.24 billion. With a shareholder approval, the company can go upto a 25 percent share buyback which will be USD 3.1 billion.
Source: Top News