SME Times is powered by   
Search News
Just in:   • Monetary panel minutes signal a hawkish RBI in the offing  • IMF urges US to cut debt, deficit  • China mulls anti-dumping measures on synthetic rubber imports  • PNB's 'Mission Gandhigiri' to help recover Rs 1,800 cr  • SA leader leaves Commonwealth summit to deal with protests 
Last updated: 16 May, 2017  

TCS.9.Thmb.jpg TCS to commence share buy back from Thursday

TCS.9.jpg
   Top Stories
» Modi's visit to strengthen India-UK trade: Industry
» Assocham-Deloitte study for integrated end-to-end logistics
» Urban population contributes more than half to GDP
» India-UAE skill mapping and HR conference in Dubai on April 22
» Delayed GST refund to exporters: Prabhu to raise issue before FinMin
SME Times News Bureau | 16 May, 2017
IT major Tata Consultancy Services (TCS) on Monday said it will commence its Rs 16,000 crore share buy back program from Thursday.

The company said that it will start the process after securities markets regulator Sebi gave its approval to the share buy back plan.

According to a regulatory filing with BSE, the IT major through letter dated May 12, 2017 has received the final observations from Sebi on the draft letter of offer for the buy back dated April 25, 2017.

"In accordance with the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998, the company will dispatch the Letter of Offer for the Buyback to eligible shareholders appearing on the record date of May 8, 2017, on or before May 16, 2017," the company said in the filing.

On February 20, 2017, the global software major announced that it will buy back up to 5.61 crore equity shares of Re 1 face value for Rs 16,000 crore.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 20 Apr, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(49)
» Startup India has created large-scale jobs: Commerce ministry(4)
» Banks need to speed up MSME loans under PMEGP: Govt(3)
» New MSME definition(2)
» Three years of Mudra(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter