Tata Sons to sell TCS shares worth up to $1.13 billion, term sheet shows
Monday, 18 March 2024 Tata Sons, the holding arm of Tata Group, plans to sell shares in Tata Consultancy Services (TCS) worth up to 93.62 billion rupees ($1.13 billion) on Tuesday, a term sheet showed. Tata Sons plans to offload 23.4 million shares in the country's top IT services provider, representing 0.65% of TCS' outstanding shareholding, according to the term sheet.
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Tata Sons is aiming to raise around Rs 9,362 crore ($1.1 billion) by selling shares of its lucrative unit Tata Consultancy Services (TCS) on Tuesday. This move... IndiaTimes