Tata Sons sold 2.34 crore shares or 0.65 percent equity in Tata Consultancy Services through a block deal for ₹9,362.3 crore ($1.13 billion).

Economy Business

Tata Sons sold 2.34 crore shares or 0.65 percent equity in Tata Consultancy Services through a block deal for ₹9,362.3 crore ($1.13 billion). According to the term sheet, seen by businessline, the floor price of the deal has been fixed at ₹4,001 a share, a discount of 3.65 percent to the closing price of TCS. According to the December-end filing, Tata Sons holds a 72.38 percent stake in TCS.


      Tata Sons had a net debt of ₹20,642.47 crore as on March-end 2023, while its revenue in FY23 was ₹35,058.47 crore.

     

     

 

     


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