- Wealth PMS (50L+)
You have to love buybacks. A company buys back its own shares, and you're thinking: Wow, they also like their share price! You are being naive, brother. Let's dive into the latest fancy: TCS Buyback.
Note: Buybacks in Indian listed companies are only because they want to replace a dividend they would have otherwise given. Read: Why are so many companies doing buybacks? (Premium)
On 7th October 2020, the TCS board has approved a buy . . .