Tata Sons, Tata Investment Corporation Intend to Participate in TCS Buyback Offer

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Tata Sons, Tata Investment Corporation Intend to Participate in TCS Buyback Offer
15 Jan 2022
5 min read

News Synopsis

Tata Sons and Tata Investment Corporation Ltd are intending to participate in the share buyback offer of TCS. Tata Consultancy Services announced a share buyback of Rs 18,000 crore this week. 

The Postal Ballot Notice of the company showed that the e-voting period will be from January 14, 2022, to February 12, 2022. The result of the Postal Ballot will be announced on February 15, 2022. The document also includes that Tata Sons and Tata Investment Corporation Ltd can also participate in the buyback offer. 

The previous buyback of the TCS was held on December 18, 2020 worth Rs 16,000 crore in which Tata Group tendered the shares worth Rs 9,997.5 crore. More than 5.33 crore equity shares were bought at the time of the sales and a total of 3,33,25,118 shares were accepted under the buyback offer.

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