New Delhi: The combined market capitalisation (mcap) of BSE-listed firms hit an all-time high of Rs331 lakh crore on Tuesday and is just shy of entering the landmark $4-trillion club. At the end of trade, the mcap of BSE-listed companies reached Rs3,31,05,425.71 crore (Rs331.05 lakh cr), which translates to $3.97 trillion at the current exchange rate of 83.34, thanks to a fag-end recovery in the equity market after a highly volatile trade. On May 24, 2021, the mcap of all listed companies on the BSE touched the $3-trillion mark. The 30-share BSE benchmark Sensex hit its all-time peak of 67,927.23 on September 15, this year.
TCS’ Rs17k-cr share buyback on Dec 1
The Rs 17,000 crore-share buyback programme of India’s top software services exporter Tata Consultancy Services (TCS) will open on December 1. The buyback, where investors can sell to the company their shares at an offer price of Rs4,150 apiece, will close on December 7, TCS said in a regulatory filing on Tuesday.
It is aiming to repurchase up to 4.09 crore shares (1.12 % of the total equity) at Rs 4,150 apiece. For small shareholders with investments less than Rs 2 lakh, the entitlement ratio has been fixed at 1 share for every 6 shares held on the record date of Nov 25.
