Retail investors can earn 5-17% over 3 months via TCS buyback

October 13, 2023

The country’s largest software services exporter announced a ₹17,000 crore share buyback, where it will acquire 40.9 million shares at ₹4,150 per share, at a premium of 17.5% to its Thursday closing price of ₹3,542. Investors can tender the shares in the buyback to benefit from an arbitrage opportunity.

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