Earlier in the day, the TCS board approved a buy back of 76,190,476 equity shares of Re 1 face value at Rs 2,100 per share for about Rs 16,000 crore (over $2 billion).
"The buy back size is 1.99 per cent of the total paid-up equity share capital," the company said in a regulatory filing to the BSE. (Also Read: TCS First Indian IT Company To Touch 100 Billion Dollar Market Value)
This is the second time the global software major is resorting to buy back its shares after it bought 5.61 crore shares in April 2017 for Rs 16,000 crore at Rs 2,850 per share.
A total of seven crore sixty one lakh ninety thousand and four seventy six shares will be bought back by the IT major, the company announced.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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