InvestorQ : How big is the TCS buyback likely to be this time around?
Khushi Patel made post

How big is the TCS buyback likely to be this time around?

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Dhwani Mehta answered.
3 months ago
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The proposed TCS buyback of shares worth Rs.18,000 crore has been passed by the shareholders via special resolution. The special resolution was specifically passed through postal ballot. Incidentally, both the major shareholders in TCS, Tata Sons and Tata Investments will participate and offer their shares in the buyback.

The last buyback of Rs.16,000 crore was done in Dec-20. Compared to dividends, buyback of shares are more attractive in effective post-tax terms. Typical buyback candidates in India have been the cash-rich players like Infosys, TCS, Wipro and HCL Technologies.

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