Fancy buying the stock of a company with high cash reserves in the hope that it will join the buyback party? Well, if the company does come up with a buyback offer, you can take the plunge if you find it beneficial. High cash (read as cash and cash equivalents) in the Balance Sheet does not always imply a buyback. As of March 2016, TCS was sitting on a cash pile of about ₹30,000 crore. In contrast, companies with lower cash holdings — Sun Pharma ( cash of ₹14,704 crore as of March 2016 ) eClerx, Bosch and Mphasis (cash of ₹500-2,500 crore as of March 2016 ) came out with buyback offers in 2016-17.

Source: The Hindu March 18, 2017 15:45 UTC