TCS’ existing shareholders, who held TCS shares worth less than Rs 2 lakh on November 25 (record date) could use the buyback route and tender their shares, maximum of 57 shares, to get premium buyback price of Rs 4,150.
TCS Buyback 2023: TCS is offering to buy back shares worth Rs 17,000 crore at a price of Rs 4,150 per share. This is a premium to the current market price of TCS shares, which is around Rs 3,325 per share. Shareholders can tender their shares for buyback date & time at news18.com
The top 3 companies in BT500 list are consistent. The first spot has been taken by Reliance Industries Ltd (RIL) followed by Tata Consultancy Services (TCS) and HDFC Bank. Here are other firms
Even in Q1 FY24, TCS had paid out 100 per cent of the variable pay to a major part of its workforce. On the other hand, its peers Infosys and Wipro rolled out only 80 per cent variable pay for the quarter.