Bengaluru (Karnataka) [India], August 12 (ANI/BusinessWire India): Bangalore Based Fintech Startup, Trade Brains is organizing the biggest stock market quiz competition in India, ELEVATE, between 27th August - 31st August 2021.
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Information technology (IT) major Tata Consultancy Services (TCS) Rs 16,000 crore share buyback programme is scheduled to open on December 18 (Friday). In November, TCS shareholders had approved a proposal to buy back up to 5.3 crore equity shares, or 1.4 per cent, of the total paid-up equity share capital of the company at Rs 3,000 apiece for an aggregate amount not exceeding Rs 16,000 crore. The buyback offer will close on January 1, 2021. So, should you tender your shares in the repurchase programme? Analysts say the stock is unlikely to see a significant jump in the interim period as TCS, along with other IT stocks, have risen quite well from the March 2020 lows, discounting the opportunities arising out of the Covid-19 pandemic. Hence, one can consider tendering their shares in the buyback offer.