TCS' Rs 16,000 cr buyback opens this week. Should you tender your shares?

Information technology (IT) major Tata Consultancy Services' (TCS) Rs 16,000 crore share buyback programme is scheduled to open on December 18 (Friday). In November, TCS shareholders had approved a proposal to buy back up to 5.3 crore equity shares, or 1.4 per cent, of the total paid-up equity share capital of the company at Rs 3,000 apiece for an aggregate amount not exceeding Rs 16,000 crore. The buyback offer will close on January 1, 2021.

So, should you tender your shares in the repurchase programme?

Analysts say the stock is unlikely to see a significant jump in the interim period as TCS,