At Rs 2,850 a share, buyback is 13.7% above Monday's close; scrip may not see such a price too soon
41 companies buy back shares worth Rs 27,783 crore in FY17
The buyback size works out to 2.85% of firm's paid up equity capital, at Rs 2,850 a share
The board has approved buyback of up to 56 million shares at Rs 2,850 each via tender offer
Investors eye a piece of the large cash kitty as growth slows
Chandrasekaran, the TCS designate chairman, told a financial daily that H1-B visas would pose a challenge
The stock was up 2.6% to Rs 2,478 on the BSE in early morning trade
The buyback, if approved, would be the company's first since its listing in 2004
Let's hope his presence helps provide the much-needed healing touch
Look at US, European banks' new tech plans to drive growth, after years of emphasis on other aims
Rising pricing pressure, slowing revenue growth, possibility of higher visa costs could weigh
TCS outperformed all the three companies with its market capitalisation increasing by Rs 3.90 lakh crore to Rs 4.43 lakh crore on Friday.
Shareholders would have preferred Chandra to stay as CEO for some more time
TCS, with its IT services and consulting businesses, accounts for nearly 90% of total group revenue
The centrepiece of TCS' new push is its executive briefing centre
TCS closed 4% down to Rs 2,252 on the BSE
There was buzz about a vice-chairman being named but Tata Sons did not take any such decision
Management change came after incumbent CEO N Chandrasekaran was elevated as chairman of Tata Sons
Revenue up 8.7% in volatile business environment
TCS also appointed N Ganapathy Subramaniam as President and Chief Operating Officer