TCS gains on getting nod for share buyback plan up to Rs 16,000 crore

Tata Consultancy Services Ltd. | IT - Software | IT & ITES | BSE: 532540 | NSE: TCS

19 Nov 2020 Evaluate

Tata Consultancy Services is currently trading at Rs. 2653.90, up by 28.00 points or 1.07% from its previous closing of Rs. 2625.90 on the BSE.

The scrip opened at Rs. 2630.00 and has touched a high and low of Rs. 2678.60 and Rs. 2630.00 respectively. So far 45559 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2885.00 on 08-Oct-2020 and a 52 week low of Rs. 1504.40 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2690.00 and Rs. 2608.05 respectively. The current market cap of the company is Rs. 994381.95 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 23.85% and 4.03% respectively.

Tata Consultancy Services (TCS) has received approval from shareholders for share buyback plan up to Rs 16,000 crore. Last month, TCS' board of directors had approved a proposal to buy back up to 5,33,33,333 equity shares of the company at Rs 3,000 per scrip for an aggregate amount not exceeding Rs 16,000 crore. The members of the company have duly passed the special resolution approving the buyback.

The voting, which started on October 20 and ended on November 18, saw 99.57 per cent of the votes being cast in favour of the buyback offer. There was 100 per cent voting in favour of the proposal by the promoters, 98.11 per cent by public institutional shareholders and 98.43 per cent by other shareholders.

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.

TCS Share Price

1982.20 -51.85 (-2.55%)

01-Jul-2026 16:01 View Price Chart

Peers

Company Name	CMP
TCS	1982.20
Infosys	985.45
HCL Technologies	1034.90
Wipro	170.05
Tech Mahindra	1362.20
View more..

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