Tata Sons recently sold shares of Tata Consultancy Services worth Rs 2.48 crore. Tata Sons has sold these shares under a buyback offer. Let us tell you, when these shares were being sold on behalf of the company, then one share price was Rs 4,500. Tata Sons has raised Rs 11,200 crore through this.
Tata Sons held 62.02 of the shares accepted by TCS. Before the buyback offer, Tata Sons’ stake in TCS was 72.19%. Let us tell you that Tata Sons is the promoter of this company. Another company that participated in the buyback offer was LIC. 11.74 lakh shares were offered by this company.
According to the information given by the company, a total of Rs 30.10 crore shares were offered by the investors. In which 2.53 crore shares were offered by small retail investors and 27.57 crore shares under general category.
Also read: Highway travel will be expensive from April 1, will have to pay more toll tax from Friday