TCS Board OKs 16kcr Share Buy­back

.₹ Re­tail In­vestors Ought to Hold on to Shares

The Economic Times - - Front Page -

The pro­posed price for buy­back is a mod­est 13.7% pre­mium to TCS’ Mon­day clos­ing price of .₹ 2506.6. Fur­ther, the ac­cep­tance ra­tio for re­tail in­vestors works out to just over 2.9%. Keep­ing th­ese in mind, re­tail in­vestors with a long-term view will be bet­ter off by not ten­der­ing shares, says Ran­jit Shinde.

PTI “Amer­i­can tech­nol­ogy… made it pos­si­ble (for me) to dream the dream. And then, the en­light­ened Amer­i­can im­mi­gra­tion pol­icy led me to live the dream. And I think those are things we will al­ways ad­vo­cate for”

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