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Tcs is firm ahead to buy back its shares worth 16000cr from open market @10%premium.
The reason behind this decision:
-to increase the market price of its share by reducing the share supply.
-to curb the shareholders, who hunting the shares to take control in the company.
-to increase earnings per share, by increasing EPS , the share price may perform well during this depressed condition
-to distribute the surplus cash.
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