Mumbai (Maharashtra) [India], Dec 10 (ANI): Tata Consultancy Services (TCS) has fixed December 18 as the opening date for its share buyback programme which is to the tune of Rs 16,000 crore.

The buyback will be available for subscription till January 1, the software major said in regulatory filings at stock exchanges.

Also Read | Globefish Seeks Help From Freediver to Remove Sediment Stuck to Its Scales at Port Phillip Bay in Australia, Watch Adorable Video.

TCS said January 3 will be the last date for receipt of completed tender forms and other specified documents, including physical share certificates by the registrar.

TCS will settle bids in the buyback plan on January 12 on stock exchanges.

Also Read | Agricultural Minister Narendra Singh Tomar Says, Centre Ready To Discuss Proposal With Farmers, Adds, ‘Any Law Cannot be Entirely Defective’.

In October, TCS bagged approval for buyback of up to 5.33 crore fully paid-up equity shares having a face value of Re 1 each.

A buyback floor price has been set at Rs 3,000 per equity share on a proportionate basis through the tender offer process for an aggregate consideration not exceeding Rs 16,000 crore. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)