TCS falls 4% as Tata Sons trims stake – Instances of India

MUMBAI: TCS inventory worth fell 4% in Tuesday’s weak market after promoter Tata Sons accomplished the sale of about 2.3 crore shares early within the session that will fetch it about Rs 9,362 crore. Tata Sons, a holding firm for many of the Tata Group corporations, might use the proceeds from the inventory sale to cut back complete debt on its books in an try and keep away from having to record underneath RBI guidelines.