Tuesday, 16 May 2017

TCS to commence share buy back from Thursday

IT major Tata Consultancy Services (TCS) on Monday said it will commence its Rs 16,000 crore share buyback program from Thursday.

The company said that it will start the process after securities markets regulator Sebi gave its approval to the share buyback plan.

According to a regulatory filing with BSE, the IT major through a letter dated May 12, 2017, has received the final observations from Sebi on the draft letter of offer for the buy backdated April 25, 2017.

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