Indian Tech Giant TCS to Consider Share Buyback Next Week

Rajesh Gopinathan, chief executive officer of Tata Consultancy Services Ltd., gestures as he speaks during a news conference in Mumbai, India.
Photographer: Dhiraj Singh/Bloomberg

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By Sanjai P R

January 7, 2022 at 11:14 AM UTC

Updated on

January 7, 2022 at 12:43 PM UTC

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Tata Consultancy Services Ltd. will consider buying back shares for the second time in two years, which could funnel cash back to its holding company and biggest shareholder Tata Sons Pvt.

The board will discuss the proposal when it meets Jan. 12, TCS said in a statement Friday, without elaborating. It had repurchased 160 billion rupees ($2.2 billion) of shares in January 2021.