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.

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.

Tata Consultancy Services (TCS) logo at the AGM venue. (Reuters file photo)

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.