January 7, 2022
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TCS : Another buyback announcement on 12 January !!!
The Board of directors of TCS, India’s largest IT company announced that they will consider a proposal for buyback of equity shares .The company inform in a regulatory filing on January 7, 2022. Last buyback by the company was opened on December 18, 2020.
The proposal will be discussed at the meeting of the directors to be held on January 12, 2022. This will be the third share buyback offer from the company after August 2018 and May 2017.
The company will also declare its Q3 on January 12, 2022. Its is also expected that the TCS board may consider declaration of third interim dividend to the equity shareholders during the board meeting. According the market analysts, the Q3 results of the company is expected to be highly impressive.
you mentione in nov 2021 instead nov 2020 regarding previous buyback.
Which type of Buyback will come, buy from open Market or tender method ?
Generally Tata Group prefer Tender method, so we can expect Tender method.
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Shall we buy this stock to gain profit due to buyback? What will be perfect timing for that? Please guide.
TCS is good buy at this price for short term as well as long term investment. However once we know about buyback price. We will provide more information