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Published On: Monday, October 5, 2020 | By: Team KnowMyStock
TCS had announced the mega buyback offer as part of its long-term capital allocation policy of returning excess cash to shareholders. The Company said "We believe that while this is a positive development for the company it is also a positive development for the sector given that it could be a precursor for other IT companies to follow suit. "The TCS board is also slated to consider its financial results for the September quarter and declaration of a second interim dividend to the equity shareholders at that meeting.
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