If you have TCS shares, then the company will buy back by paying 16 percent more.

[ad_1]

TCS Q3 Results: Do you have shares of Tata Consultancy Services, the IT company of Tata Group, then there is good news for you. TCS has announced that it will do share buyback from the shareholders of TCS for Rs 4500 by giving 16.67 percent more return. On Wednesday, the stock of TCS closed at Rs 3860. TCS announced that the company will spend Rs 18,000 crore on the share buyback.

TCS has also announced the financial results for the third quarter of 2021-22 financial year on Wednesday. In the October-December quarter, the company’s profit increased by 12.3 percent to Rs 9769 crore as compared to Rs 8701 crore profit in the same quarter last year. The company’s revenue has increased by 16.3 percent to Rs 48,885 crore as compared to Rs 42015 crore in the same quarter last year.

TCS has decided to give a dividend of Rs 7 per share to its shareholders. The record date for paying dividend has been fixed as 20 January and the dividend will be credited to the investors account by 7 February.

.

[ad_2]