On Friday, TCS announced a final dividend of Rs 28 per share. This was in addition to Rs 45 per share announced over the financial year. In total, TCS paid Rs 73 per share in dividends and completed Rs 17,000 crore in share buyback during the financial year.
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