Tata Sons offered 234 lakh shares of TCS, received so many thousand crore rupees – India TV Hindi

Tata Sons has offered shares value Rs 9,300 crore of Tata Consultancy Companies (TCS), a significant firm within the info expertise (IT) sector, within the open market. This info was given to the inventory markets on Thursday. In response to the knowledge, Tata Sons has offered 234 lakh shares equal to 0.65 % stake of TCS on March 19. Based mostly on the closing value of TCS shares on March 19 at Rs 3,977.55, this sale works out to Rs 9,307.46 crore.

Tata Sons began promoting 2.34 crore shares on the ground value of Rs 4,001 below bulk sale. This value is 3.65 % lower than the closing value of Rs 4,144.75 of the corporate’s shares on Monday. As of December 2023, promoters and promoter group entities held 72.41 % stake in TCS. Of this, 72.38 % stake was with Tata Sons.

Advantageous of Rs 103.63 crore imposed on Tata Chemical substances

The Revenue Tax Division has imposed a positive of Rs 103.63 crore on Tata Chemical substances for violation of guidelines associated to disallowance of curiosity. Tata Chemical substances stated in a submitting to the inventory exchanges on Thursday that it has acquired an order from the Nationwide Faceless Evaluation Middle of the Revenue Tax Division for disallowance of curiosity below part 36(1) of the Revenue Tax Act below part 270A(3). ) A positive of Rs 103.63 crore has been imposed. The Tata group firm stated that based mostly on the deserves of the case, prevailing regulation and counsel’s recommendation, it plans to attraction in opposition to this order earlier than the Nationwide Faceless Enchantment Middle (Appellate Authority). The corporate stated it expects a good order from the appellee authorities.

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