TCS shares fall 3% amid block deal; Tata Sons likely seller
Tata Sons was looking to offload 2.34 crore, or 0.65%, shares of TCS at a floor price of ₹4,001 per share through block deals.
Tata Sons was looking to offload 2.34 crore, or 0.65%, shares of TCS at a floor price of ₹4,001 per share through block deals.
Extending gaining streak for the fourth straight session, TCS shares rose as much as 2.6% to scale a new peak of ₹4,229.30 on the BSE.
Shares of Tata Consultancy Services gain 4% in intraday trade today.
Tata Consultancy Services' consolidated revenue grows 4% year-on-year to ₹60,583 crore in Q3.
TCS plans buyback of 4,09,63,855 equity shares for ₹17,000 crore at ₹4,150 apeice
TCS is significantly investing in building AI capabilities which include products and platforms.
In a trade secret theft case, Jury said TCS “willfully and maliciously misappropriated CSC's source code and confidential documentation”
TCS shares declined 1.2% to hit a low of ₹3,468 as the stock turned ex-date for share buyback today.
In the lawsuit, Epic Systems alleged TCS employees of fraudulently accessing Epics software beyond the purview of the consulting contract in order to improve their competing product.
Promoters of listed businesses rake in ₹14.67 lakh crore as cumulative payout over five years.