Rs 16,000 crore TCS share buyback approved; company's market value crosses Rs 7 lakh crore
"Board has approved a proposal to buyback up to 7,61,90,476 equity shares of the Company for an aggregate amount not exceeding Rs 16,000 crore being 1.99 per cent of the total paid up equity share capital, at Rs 2,100 per equity share," said TCS in a filing to BSE.
TCS share price rallied as much as 3.16 per cent to its lifetime high of Rs 1849. Image source: TCS