Tata Consultancy Services (TCS) board of directors will consider a proposal to buy back its shares, on Friday, June 15.

In a filing the company stated, “.. the Board of Directors will consider a proposal for buyback of equity shares of the Company, at its meeting to be held on June 15, 2018.”

Further, the company had also announced  expansion of its partnership with M&G Prudential to USD 1.36 billion. As per the agreement, the partnership will cover 5.8 million policies. It will get USD 668 million in business from Prudential for the 10-year contract.

Read EquityPandit’s Technical Analysis of TCS Outlook for the Week