FDC Buyback vs TCS Buyback

The Buyback aims to:
i) Increase the earnings per share and enhance Return on equity and return on capital employed, Return on Net Worth, Return on assets, etc and long term increase in shareholders' value;
ii) Distribute surplus cash to the shareholders.

The Buyback aims to :
i) Return excess cash to the shareholders.
ii) Increase shareholder's value in the long term; and
iii) Improve Return on Equity.