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ā¢ TCS has set November 25 as the record date for its Rs 17,000-crore share buyback plan, which will determine the eligibility of shareholders to participate.
ā¢ The IT player will buy back up to 40.96 million fully paid-up equity shares at Rs 4,150 a share, representing a 21.7 percent upside from the current market price.
ā¢ This is TCS' fifth share buyback in six years, with the company having bought back shares worth Rs 66,000 crore so far.