TCS Buyback: You Can Make Potential Returns Up To 83.1% Using This Strategy

TCS announced the record date for its mammoth buyback offer. Here's an opportunity to make huge, short term returns.

Tata Consultancy Services (TCS) has fixed 23 February 2022, as the record date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in its share buyback.

In January this year, the company had announced its biggest share buyback in the last five years of Rs 180 bn at Rs 4,500 per share.

A share buyback is a corporate action where a company buys back its own shares from its shareholders usually at a premium to the prevailing market price.  

TCS is the largest IT company in India and also one of the world's largest providers of IT services.