Post by EvenTheOwnersAreLeaving on Jul 5, 2009 20:15:07 GMT
;D Very interesting, article below
Tata Sons, one of the promoters of Tata Consultancy Services, revoked its 56 lakh shares from the lenders reducing the total stake pledged by the entity to 12.05 per cent.
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In a regulatory disclosure to the Bombay Stock Exchange, the country's largest software exporter TCS said its promoter Tata Sons has revoked 56 lakh shares and the transaction took place on June 22.
Post transaction, the total stake pledged by Tata Sons stands at 12.05 per cent amounting 23.57 crore shares.
As per the details available with the BSE, at the end of March quarter, Tata Sons held a 73.75 per cent stake in TCS.
Shares of TCS today closed at Rs 391.40, marginally up by 0.32 per cent on the BSE.
www.business-standard.com/india/storypage.php?autono=66537&tp=on
Hmmmmmmm
Tata Sons, one of the promoters of Tata Consultancy Services, revoked its 56 lakh shares from the lenders reducing the total stake pledged by the entity to 12.05 per cent.
Also Read
Related Stories
News Now
- Tata Motors promoter revokes 1.31 cr shares
- UGC reinvites TCS for e-governance bidding
- TCS expands presence in Mexico; to hire 500 people
- TCS launches biz intelligence solution for health care sector
- Tata Motors raises Rs 456cr through sale of shares
- TCS fattens its pay packages by over Rs 1 cr
Also Read
Related Stories
News Now
- Budget hopes boost Sensex
- Wheat futures rise after govt lifts export ban
- 50,000 in south China evacuated after rains causes floods
- Orders on lie detection plea on July 9
- BSP to launch state-wide protest against fuel price hike
- Centre has failed to tackle naxalite problem: BJP
More
In a regulatory disclosure to the Bombay Stock Exchange, the country's largest software exporter TCS said its promoter Tata Sons has revoked 56 lakh shares and the transaction took place on June 22.
Post transaction, the total stake pledged by Tata Sons stands at 12.05 per cent amounting 23.57 crore shares.
As per the details available with the BSE, at the end of March quarter, Tata Sons held a 73.75 per cent stake in TCS.
Shares of TCS today closed at Rs 391.40, marginally up by 0.32 per cent on the BSE.
www.business-standard.com/india/storypage.php?autono=66537&tp=on
Hmmmmmmm