Now Mindtree May Take TCS Buyback Route


Bengaluru-based IT company Mindtree is mulling on buyback of shares and they are planning to reach to a decision within the coming six months.

It has been learnt that the company has already established a special committee to look into the viability of this decision.

By rolling out this decision, Mindtree will secure its place within the league of few global IT giants like Cognizant which announced a buyback worth $ 3.4 billion in February.

TCS already joined the flock by announcing a buyback of Rs 16,000 crore.

Industry insiders believe that Infosys will soon follow the footsteps of TCS as they have already restructured their provisions to accommodate a similar decision.

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