Tata Sons to Trim Stake in TCS

  • Tata Sons, the holding company of the Tata Group, is looking to sell a minor stake in Tata Consultancy Services (TCS).
  • The sale is expected to be around 0.65% of TCS shares, totaling approximately Rs 9,300 crore.
  • This move comes despite a strong performance by TCS, with its share price rising 30% in the past year.
  • Reasons for the sale haven't been officially disclosed, but it could be to raise funds for other Tata Group ventures.
  • The news triggered a temporary dip in TCS share price on Tuesday.

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