Tata Consultancy Services has announced that its board will consider on January 12 a share buyback proposal.
The company did not disclose the extent of the buyback. The IT major’s last buyback between December 18, 2020 and January 1, 2021 was for ₹16,000 crore.
This will be the fourth buyback offer from TCS. Besides the ₹16,000-crore buyback last time, it has previously acquired shares worth ₹8,260 crore and ₹ 13,000 crore.
Interim dividend
The board meeting will also consider a third interim dividend.