June 13, 2018 / 5:00 AM / in 2 months

BUZZ-India's TCS rises on share buyback proposal

** Top software services exporter Tata Consultancy Services Ltd’s shares rise as much as 2.3 pct in biggest daily pct gain in nearly three weeks

** TCS board to consider share buyback proposal on Friday, it said in a filing late on Tuesday

** TCS had announced a buyback of up to $2.4 bln in Feb last year

** Over 2.1 mln shares traded as of 0455 GMT, compared with 30-day avg volume of 2.8 mln

** TCS top contributor to gains on NSE index which was marginally higher in first hour of trade

** Up to Tuesday’s close, stock has risen nearly 48 pct since Feb 15, 2017 when it said it would consider a share buyback proposal (Reporting by Tanvi Mehta in Bengaluru)

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