TCS Board OKs 16kcr Share Buyback
.₹ Retail Investors Ought to Hold on to Shares
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”