TCS Share Buyback Will Put Pressure On Other IT Firms: Analysts - Dollar Advisory & Financial Services

Breaking

Thursday 16 February 2017

TCS Share Buyback Will Put Pressure On Other IT Firms: Analysts

A move by TCS to buy back shares would put pressure on top companies in the IT sector to follow suit, said Ravi Menon of Elara Capital. 

In an interview to CNBC-TV18 on Wednesday evening, outgoing TCS chief N Chandrasekaran said that investors had suggested a buyback and the board would take a final call.

The company confirmed this morning it would consider doing a buyback on February 20. While Cognizant recently announced a USD 3.4 billion buyback plan, Infosys is being pressured by two of its ex-CFOs to consider a share buyback.

For more information Call us ✆ +91 7400-734000 or Visit Dollar Advisory

No comments:

Post a Comment