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TCS share price rose as the company's share buyback opened on December 1. The buyback, offering Rs 4,150 a share, contributed to the upward momentum

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

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As the TCS Buyback date is approaching, the IT firm stock gained momentum to trade on a positive note for the third consecutive day, , stock market, nifty, sensex, tata consultancy services, retail investors, Intraday, trading, national stock exchange

At a board meeting last month, India's largest software services exporter had approved a proposal to buyback up to 4,09,63,855 equity shares of the company for Rs 17,000 crore, representing 1.12% of the total paid-up equity share capital, at Rs 4,150 per share.