In board meeting Jun'15,TCS to consider share buyback
In board meeting Jun'15,TCS to consider share buyback
TCS, in its Board meeting on Jun'15,2018 will discuss to buy back shares.No details to buy back shares are disclosed by it.Its CEO during its Q4 FY2018 earnings call, said that, co. intends to keep its capital return to 80-100% of annual free cash flow.TCS undertook a Rs 16,000 cr. buyback offer, for 5.61 cr. shares at Rs 2,850/share.It tendered over 3.60 cr. shares, for 64.2% of total shares bought back by it.For FY2018, TCS returned Rs 26,800 cr to shareholders in both dividends & buyback. For the full year, TCS' net cash from operations was Rs 28,160 cr & free cash flow was Rs 26,360 cr.
The country's largest software service firm, Tata Consultancy Services (TCS), in its Board meeting on Jun'15,2018 will discuss to buy back shares. No details to buy back shares are disclosed, by the Mumbai-based company. Its CEO during its Q4 FY2018 earnings call, had said the company intends to keep its capital return about to 80-100 per cent of annual free cash flow. TCS undertook a Rs 16,000-crore mega buyback offer, for 5.61 crore shares at share price per equity share of Rs 2,850, last year. Tata Sons tendered over 3.60 crore shares, accounting for 64.2 per cent of the total shares bought back by the company. Other large investors who participated in the buyback were Government of Singapore, Copthall Mauritius Investments Ltd and EuroPacific Growth Fund. For FY2018, TCS returned Rs 26,800 crore to shareholders in both dividends and the buyback. For the full year, TCS' net cash from operations was Rs 28,160 crore and free cash flow was Rs 26,360 crore. Ref. : https://timesofindia.indiatimes.com/business/india-business/tcs-to-consider-share-buyback-in-board-meeting-today/articleshow/64598418.cms --- Jun'15,2018
