TCS To Decide On Share Buyback Next Week

India’s largest software exporter TCS said it will consider a share buyback at a board meeting next week.

“This potential buyback will give TCS shareholders a shot in the arm. It will help investor sentiments. This move will create pressure on Infosys to follow suit. But it is a short-term measure and might impact the companies’ plans for future acquisitions,” Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research, said.

[Hindu Business Line]

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