Share Buyback Rs.450cr: Tata Investment Corp

Tata Investment Corporation Limited, a non-banking financial company, on Friday announced that its board approved a share buyback up to 45,00,000 shares aggregating to Rs 450 crore.

The proposed buyback to be made from the share-holders of Tata Investment Corporation on a proportionate basis through the tender offer in line with the market regulator Sebi’s guidelines, Tata Investment Corpn said in a statement.

Tata Investment Corporation Limited which is previously named the Investment Corporation of India is a leading non-banking investment financial company engaged in long-term investments like equity and debt related securities of companies across a extensive range of industries.

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