TCS Board to consider share buyback on October 7

India’s largest IT services firm Tata Consultancy Services’ board will meet later this week to consider a share buyback proposal.

“…the board of directors will consider a proposal for buyback of equity shares of the company, at its meeting to be held on October 7, 2020,” Tata Consultancy Services (TCS) said in a regulatory filing on Sunday night.

No other details of the buyback plan were disclosed.

The board is also slated to consider its financial results for the September quarter and declaration of a second interim dividend to the equity shareholders at that meeting.