TCS to take the 4th stock repurchase proposal on January 12 – News2IN
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TCS to take the 4th stock repurchase proposal on January 12

TCS to take the 4th stock repurchase proposal on January 12
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Mumbai: Tata Consultancy Services (TCS), the second largest registered company in India, said on Friday that he planned to buy his inventory.
The council, led by chairman n Chandrasekan, will meet on January 12 to consider the share repurchase proposal.
If approved, it will be the fourth capital action movement by the largest software service company in India in five years since it was registered in 2004.
It has paid Rs 48,000 Crore through three share purchases.
The company has said before that he plans to restore at least 80% of free backup to shareholders.
Stock repurchase movements will make Tata Sons the biggest beneficiary of profit because it is the main biggest shareholder.
Tata Sons holds 72% in IT giants.
TCS ended 1.3% at RS 3,855 each with Friday’s trading closure at BSE.
Development comes at the time of Tata Sons completing the purchase of Indian water formalities.
The long date to complete the Indian air agreement with the January 23 government.
Tata Sons has offered RS 18,000 Crore for Air India – will take over the debt of RS 15,300 Crore from national operators and pay Rs 2,700 Crore in cash to the government.
Go by repurchase TCS shares past (see Charts), if returned to the 16,000 Crore Stock RS this time, Tata Sons will take Rs 11,000 Crore from participating in the program.
Money will give a chandrasy, also the Chair of the Sons Tata, additional resources to strengthen the balance sheet and to make investment growth.
He also said last month that Tata Sons growth strategies would play on the fourth – digital theme, new energy, supply chain and health.
He has called the offer of winners for Air India “Most Important” of a milestone for Tata Group.
TCS sat on a pile of money around Rs 52,000 Crore.
Apart from the stock repurchase proposal, the Major Board of software will consider dividend payments to shareholders on January 12.
The company pays dividends of Rs 10,150 Crore to Tata Sons in Fiscal 2021.
Income from TCS, which consists of participating in stock repurchases, has helped the Chairman of the Sons Chairperson of Sons covers the obligations of failed businesses, including cellular telecommunications, and pay for M & US.
Tata Group Watchers say that the conglomerate strategy to consider shares returns is better than stock sales in TCS because it will increase earnings per share and other ratios such as the return of capital used.
“Sharp repurchases raise the value of stock scarcity and prices will have a positive impact,” said an analyst.
Stock repurchases also present a tax-saving method to plow money back to the parent company.
TCS has benefited significantly from Covid pandemic because his customers accelerate his expenses.
This will announce the third quarter 2022 fiscal income on January 12.
Icici Direct Broker Firm expects TCS to send RS profit 9,941 Crore – and above 14% year-on-year.

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