TCS gets nod for India's biggest share buyback of â¹16,000 cr
Shareholders of IT major Tata Consultancy Services (TCS) on Monday approved a planned share buyback of up to â¹16,000 crore, the biggest in the history of Indian capital markets. The buyback proposal was approved with a 99.81% majority. Notably, this comes amid IT companies facing pressure to reward shareholders from their increasing cash pile, either through dividends or buybacks.