<p>Shares of Tata Consultancy Services (TCS) on Thursday rose over 0.5 per cent after its shareholders approved up to Rs 16,000-crore share buyback plan.</p>.<p>On the BSE, it ended at Rs 2,637.05, higher 0.42 per cent. Intra-day, it rose 2 per cent to Rs 2,678.6.</p>.<p>On the National Stock Exchange (NSE), TCS' shares went up by 0.52 per cent to close at Rs 2,640.25.</p>.<p>It rose 1.88 per cent to intra-day high of Rs 2,676.15 on the exchange.</p>.<p>Last month, TCS' board of directors approved a proposal to buy back up to 5,33,33,333 equity shares of the company for an aggregate amount of up to Rs 16,000 crore.</p>.<p>"The members of the company have duly passed the special resolution approving the buyback," TCS said in a regulatory filing on Wednesday.</p>.<p>The voting, which started on October 20 and ended on November 18, saw 99.57 per cent of the votes being cast in favour of the buyback offer.</p>.<p>There was 100 per cent voting in favour of the proposal by the promoters, 98.11 per cent by public institutional shareholders and 98.43 per cent by other shareholders.</p>
<p>Shares of Tata Consultancy Services (TCS) on Thursday rose over 0.5 per cent after its shareholders approved up to Rs 16,000-crore share buyback plan.</p>.<p>On the BSE, it ended at Rs 2,637.05, higher 0.42 per cent. Intra-day, it rose 2 per cent to Rs 2,678.6.</p>.<p>On the National Stock Exchange (NSE), TCS' shares went up by 0.52 per cent to close at Rs 2,640.25.</p>.<p>It rose 1.88 per cent to intra-day high of Rs 2,676.15 on the exchange.</p>.<p>Last month, TCS' board of directors approved a proposal to buy back up to 5,33,33,333 equity shares of the company for an aggregate amount of up to Rs 16,000 crore.</p>.<p>"The members of the company have duly passed the special resolution approving the buyback," TCS said in a regulatory filing on Wednesday.</p>.<p>The voting, which started on October 20 and ended on November 18, saw 99.57 per cent of the votes being cast in favour of the buyback offer.</p>.<p>There was 100 per cent voting in favour of the proposal by the promoters, 98.11 per cent by public institutional shareholders and 98.43 per cent by other shareholders.</p>