TCS says Tata Sons will participate in share buyback | business-news | Hindustan Times
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TCS says Tata Sons will participate in share buyback

TCS, the country’s top software services exporter, is part of the salt-to-software Tata conglomerate, whose holding company is Tata Sons Ltd.

business Updated: Mar 01, 2017 20:11 IST
Tata Consultancy Services (TCS) logo at the AGM venue.
Tata Consultancy Services (TCS) logo at the AGM venue.(Reuters file photo)

Tata Sons Ltd, the founder of Tata Consultancy Services Ltd, intends to participate in the proposed buyback of the TCS shares worth up to Rs 160 billion.

TCS, the country’s top software services exporter, is part of the salt-to-software Tata conglomerate, whose holding company is Tata Sons Ltd.

Tata Sons owned 73.26% of TCS as of the end of December, according to stock exchange data.

TCS last month approved the buyback of up to 56.1 million shares at Rs 2,850 apiece.