TCS Group Holding PLC (LSE:TCS) commences share repurchases on April 22, 2021, under the program mandated by the shareholders in the Annual General Meeting held on August 24, 2020. As per the mandate, the company is authorized to repurchase its class A shares or interests in class A shares including Global Depository Receipts. On April 21, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to 700,000 Global Depository Receipts for the total worth of $45 million. The purpose of the program is to fund the company's long-term management incentive plan MLTIP. The repurchased Global Depository Receipts will be held in treasury. The repurchases will commence on April 22, 2021 and will be valid till August 31, 2021. On August 26, 2021, the company announced the extension of GDRs buyback program launched on April 21, 2021. The company extended the plan duration till June 30, 2022.