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TCS has fixed January 19 as the record date to determine the eligibility of shareholders for the proposed dividend. The third interim dividend and the special dividend will be paid on February 5 to the eligible shareholders. Shares of TCS will likely trade ex-dividend on the day or a day before the record date.
In October, India's largest software exporter had announced a Rs 17,000-crore share buyback programme through the tender offer route. The company plans to buy back up to 4.09 crore shares at a price of Rs 4,150 per share. This represents 1.12% of the total paid-up equity share capital of the company.
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