Up to date: Dec 10, 2020 17:52 IST
Mumbai (Maharashtra) [India], Dec 10 (ANI): Tata Consultancy Services (TCS) has fastened December 18 because the opening date for its share buyback programme which is to the tune of Rs 16,000 crore.
The buyback shall be obtainable for subscription until January 1, the software major mentioned in regulatory filings at inventory exchanges.
TCS mentioned January 3 would be the final date for receipt of accomplished tender varieties and different specified paperwork, together with bodily share certificates by the registrar.
TCS will settle bids within the buyback plan on January 12 on inventory exchanges.
In October, TCS bagged approval for buyback of as much as 5.33 crore fully paid-up equity shares having a face worth of Re 1 every.
A buyback floor price has been set at Rs 3,000 per fairness share on a proportionate foundation by the tender provide course of for an mixture consideration not exceeding Rs 16,000 crore. (ANI)