he board of directors of Tata Consultancy Services (TCS), the country’s largest information technology services provider, on Friday approved a proposal to buy back up to 76 million equity shares worth about Rs 160 billion. The buyback price has been fixed at Rs 2,100 a share, a 15 per cent premium over its current market price. The promoters’ holding in the company now stands at 71.92 per cent.

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