TCS share buy back news: Tata Consultancy Services, India's largest software exporter, has announced that its Rs 17,000-crore share buyback program will commence on December 1 and conclude on December 7.In a regulatory filing, Tata Consultancy Services stated that it does not anticipate any significant impact on its profitability or earnings from the buyback, except for a reduction in available funds for investment.The company has highlighted that the buyback could have otherwise been utilized to generateinvestment income.Investors of Tata Consultancy Services have been offered the opportunity to tender their shares to the company at a price of Rs 4,150 per share, which represents a 20% premium over the closing price of Rs 3,457 on Friday at the BSE.

On Tuesday, TCS shares closed at Rs 3,478, reflecting a 0.6% increase.According to Tata Consultancy Services' disclosure, Tata Sons plans to tender 29.6 million equity shares, while Tata Investment Corporation intends to tender 11,358 shares.

The total buyback size is set at 40.9 million shares.If all 40.96 million shares are repurchased, the promoters' aggregate shareholding will rise to 72.41% from the current 72.3%.Read From ET | About TCS plans for buybackThe entitlement ratio for the TCS buyback has been established at one equity share for every six equity shares held on the record date for small shareholders with investments below Rs 2 lakh.

For all other eligible TCS shareholders, the entitlement ratio stands at two shares for every 209 shares owned.TCS previously conducted a share buyback in 2022, purchasing shares at Rs 4,500 each in a buyback valued at Rs 18,000 crore.

The company's three earlier buybacks, in 2020, 2018, and 2017, were each worth Rs 16,000 crore each.All four previous buybacks were executed through the tender offer route, wherein the company acquires shares from existing shareholders at a fixed price.