Tata Sons plans to sell 23.4M TCS shares at ₹4,001 each, avoiding RBI listing. Their stake in TCS rose by 30%. Tata Consultancy Services hits all-time high. Tata Sons may list by 2025, considering debt restructuring to maintain status.
Tata Sons, India’s top software services exporter, plans to sell 23.4 million shares of Tata Consultancy Services at ₹4,001 each (total value ₹9,300 crore). The move could help them avoid a public market listing required by the Reserve Bank of India.
Tata Sons, which currently owns 72.38% of TCS, has increased its stake by 30% in the past year. Tata Sons plans to sell TCS stock at a discount of 3.6%, slightly cheaper than Monday’s closing price.
Tata Consultancy Services, India’s second most valuable listed company, recently saw its shares hit an all-time high. Tata Group’s Stock Profit Traction Tata Sons may list by September 2025, as per RBI norms. To avoid losing its status as a key investment company, Tata Sons may have to restructure its debt, which currently exceeds ₹20,000 crore. This restructuring may involve debt repayment or share transfers, potentially affecting its regulatory status.
ALSO READ: Elvish Yadav Arrested in Snake Venom Smuggling Case
