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TCS concludes Rs 18,000-cr buyback; Tata Sons could rake in Rs 13k cr

Over 301 million shares tendered in buyback-8.5 times the company intended to repurchase. Attractive buyback price lured investors into tendering their shares, say experts

Topics
Tata Consultancy Services | TCS | Share buybacks

Samie Modak  |  Mumbai 

TCS is already working with various government departments (central and state) on proof-of-concepts on the use of IoT and analytics.

(TCS) on Wednesday concluded its Rs 18,000-crore share repurchase programme–its fourth since 2017. Promoter Tata Sons, which owns 72.19 per cent stake in TCS, is likely to pocket nearly Rs 13,000 crore from the buyback.

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First Published: Wed, March 23 2022. 20:18 IST
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