The share price of Tata Consultancy Services (TCS) rose 1% in the morning session on March 9 as the company’s share repurchase program began TCS’ stock price climbs today as the company’s Rs 18,000-crore repurchase offer begins.
Today, the IT behemoth will begin its Rs 18,000-crore share repurchase program. The exhibition will finish on March 23. TCS made the move after Tata Sons purchased Air India from the government for the same price. The corporation will pay the government Rs 2,700 crore, with the remainder going toward debt repayment. TCS is controlled by Tata Sons, which owns 72% of the company tata power share.
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TCS’ stock price climbs today as the company’s Rs 18,000-crore repurchase offer begins
This would be the software services company’s fourth repurchase, and Tata Sons has benefited the most in the previous three. TCS said that the closing date for settlement of bids on the tata motors share price target stock exchanges is April 1, 2022 best tata share to buy.
TCS has stated that it would buy back 3,40,00,000 general category shares and 60,000 reserved category shares. All sorts of shareholders are eligible to tata penny stock participate in this offer tata share list.
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TCS revealed the buyback entitlement, stating that “one equity share for every seven equity shares held on the record date” would be purchased in the tata group small cap stocks reserved category for small shareholders tata steel share.
The stock was trading at Rs 3,630 on the NSE at 09:57 a.m., up Rs 30.05 or 0.83 percent.It has traded between Rs 3,597.05 and Rs 3,643.20 at intraday highs and lows tata airlines share price.