In today’s briefing:
- Tata Consultancy Services (TCS IN): US$2bn Mega Buyback; Two More Trading Days Before Ex-Date
- Indian Renewable Energy Development Authority IPO – A Top Player in Indian Renewable Financing
Tata Consultancy Services (TCS IN): US$2bn Mega Buyback; Two More Trading Days Before Ex-Date
- Indian IT services giant Tata Consultancy Svcs (TCS IN) launched a US$2bn Buyback last week.
- The company will buy up to 40,963,855 shares in a Tender Offer-style Buyback at a Buyback Price of INR4,150/share (an 18% premium to today’s close).
- In this insight, we take a closer look at the indicative timeline of key events in this Buyback, the company’s Buybacks history, proration details, and what this means for investors.
Indian Renewable Energy Development Authority IPO – A Top Player in Indian Renewable Financing
- IREDA (1845911D IN) is looking to raise at around US$258m in its India IPO.
- Indian Renewable Energy Development Authority (IREDA) is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE).
- In this note, we look at the company’s past performance and share our quick thoughts on valuation.
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