Wednesday, 13 June 2018

TCS stock rises 2% after buyback plan

The Board of Tata Consultancy Services will consider a proposal for buyback of equity shares of the company, at its meeting to be held on June 15, 2018. Tata Consultancy Services Ltd is currently trading at Rs1,812.90 up by Rs31.9 or 1.79% from its previous closing of Rs1,781 on the BSE. The Board of Tata Consultancy Services will consider a proposal for buyback of equity shares of the company, at its meeting to be held on June 15, 2018. However, the company did not disclose any further details about the buyback proposal. On last year, the IT company had undertaken a Rs16,000cr mega buyback offer, entailing 5.61cr shares at a price of Rs2,850 per equity share.


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