TCS announces a significant share buyback program worth Rs 18,000 crore.
TCS announces a significant share buyback program worth Rs 18,000 crore.
Buyback price is set at Rs 3,000 per share, representing a 14.5% premium over the current market price.
Buyback price is set at Rs 3,000 per share, representing a 14.5% premium over the current market price.
This marks the largest share buyback in the history of Indian corporate sector
This marks the largest share buyback in the history of Indian corporate sector
– TCS's objective: Return excess cash to shareholders and enhance shareholder returns.– Reflects confidence in TCS's bright future as a highly profitable company with a strong growth track record.– TCS well-poised to capitalize on the ongoing digital transformation trend
– TCS's objective: Return excess cash to shareholders and enhance shareholder returns.– Reflects confidence in TCS's bright future as a highly profitable company with a strong growth track record.– TCS well-poised to capitalize on the ongoing digital transformation trend
– The buyback is anticipated to boost TCS's share price by reducing the number of shares outstanding and signaling confidence in future growth.– Long-term investors may view TCS stock as a potential opportunity, while the short-term impact on the stock price may be limited.
– The buyback is anticipated to boost TCS's share price by reducing the number of shares outstanding and signaling confidence in future growth.– Long-term investors may view TCS stock as a potential opportunity, while the short-term impact on the stock price may be limited.