TCS’ Rs 16,000-cr buyback offer to open on Dec 18

India’s largest IT services firm Tata Consultancy Services (TCS NSE -0.80 %) on Wednesday said its up to Rs 16,000-crore share buyback programme will commence on December 18 and close on January 1, 2021.

Last month, TCS shareholders had approved a proposal to buy back up to 5,33,33,333 equity shares of the company at Rs 3,000 per scrip for an aggregate amount not exceeding Rs 16,000 crore.