© financialexpress.comTata Sons, Tata Investment Corporation to participate in TCS buyback offer
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Tata Consultancy Services promoters – Tata Sons and Tata Investment Corporation Ltd (TICL) – intend to participate in the IT services major’s Rs 18,000 crore buyback offer by tendering shares worth about Rs 12,993.2 crore.
On Wednesday, the TCS board approved an up to Rs 18,000 crore buyback offer entailing 4 crore shares at Rs 4,500 apiece.
According to a postal ballot notice by the company, Tata Sons and TICL intend to participate in the buyback offer.