Tata Consultancy Services (TCS) shares witnessed a positive opening on November 29 as the IT giant announced the schedule for its Rs 17,000-crore share buyback. The buyback, set to begin on December 1 and conclude on December 7, entails the repurchase of up to 4.09 crore equity shares at a rate of Rs 4,150 per share, each having a face value of Re 1.
This strategic move by TCS corresponds to 1.12% of the total issued and paid-up equity share capital of the company as of September 30, 2023.
As of 12:16 pm, TCS shares were trading 0.81% higher at ₹3,498.40.
