"In terms of the SEBI Buyback Regulations, under tender offer route, the promoters have the option to participate in the buyback," TCS said in a regulatory filing.
"We would like to inform you that the Promoter and Promoter Group of the Company have communicated their intention to participate in the proposed buyback."
According to the filing, "the buyback is subject to the approval of members by means of special resolution through postal ballot".
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
