Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
»
1-min read

TCS Board Approves Up To Rs 16,000 Crore Share Buyback Plan

The announcement follows a similar share purchase done by the company last year.

PTI

Updated:June 15, 2018, 3:40 PM IST
facebookTwitterskypewhatsapp
TCS Board Approves Up To Rs 16,000 Crore Share Buyback Plan
Representative image. (Reuters)
Loading...

New Delhi: India’s largest IT firm Tata Consultancy Services (TCS) on Friday said its board has approved share buyback of up to Rs 16,000 crore.

The buyback, at Rs 2,100 per equity share, entails up to 7.61 crore shares or 1.99 percent of the total paid up equity share capital.

“...Board of directors of the company at its meeting held today...has approved a proposal to buy back up to 7.61 crore equity shares...of the company for an aggregate amount not exceeding Rs 16,000 crore...,” TCS said in a regulatory filing.

The announcement follows a similar share purchase done by the company last year.

Last year, TCS had undertaken a Rs 16,000-crore mega buyback offer, entailing 5.61 crore shares at a price of Rs 2,850 per scrip.

During its Q4 FY2018 earnings call, TCS CEO Rajesh Gopinathan had said the company's intention is “to keep capital return close to 80-100 per cent of annual free cash flow”.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 98.40 -5.25
Kotak Mahindra 1,534.60 2.21
Interglobe Avi 1,465.25 1.38
IndusInd Bank 1,501.25 1.90
Indiabulls Hsg 668.20 3.38
Company Price Change %Gain
Yes Bank 98.45 -5.25
HDFC 2,286.30 0.39
SpiceJet 141.95 7.74
Tata Elxsi 742.40 -8.90
Indiabulls Hsg 667.80 3.36
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 668.20 3.38
UPL 659.75 2.78
SBI 372.40 2.21
Kotak Mahindra 1,534.60 2.21
Tech Mahindra 690.80 2.20
Company Price Change %Gain
SBI 372.15 2.17
HCL Tech 1,040.65 2.02
Kotak Mahindra 1,532.90 2.02
IndusInd Bank 1,500.70 1.85
Asian Paints 1,394.85 1.67
Top Losers
Company Price Change %Gain
Yes Bank 98.40 -5.25
Eicher Motors 18,433.70 -3.19
GAIL 143.40 -2.68
ONGC 149.90 -1.54
NTPC 129.10 -1.41
Company Price Change %Gain
Yes Bank 98.45 -5.25
ONGC 149.85 -1.64
Bharti Airtel 345.90 -1.41
Maruti Suzuki 6,074.20 -1.38
Bajaj Auto 2,696.45 -1.31

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results