Mumbai, March 1 (IANS) IT major Tata Consultancy Services on Wednesday said that Tata Sons will participate in the company's upcoming share buy-back.
"In terms of Sebi buyback regulations, under tender offer route, the promoters have the option to participate in the buyback," the IT major informed the BSE in a regulatory filing.
"We would like to inform that the promoter and promoter group of the companies have communicated their intention to participate in the proposed buyback," it said.
On February 20, 2017, the global software major announced that it will buy back up to Rs 5.61 crore equity shares of Re 1 face value for Rs 16,000 crore.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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