Tata Sons to sell 0.6% stake in TCS for over ₹9,200 crore

Tata Sons, the holding company of the Tata Group, will be selling over 2 crore shares or 0.6 per cent equity of Tata Consultancy Services through a block deal for over ₹9,200 crore.

According to the term sheet, the floor price of the deal has been fixed at ₹4,001 a share, a discount of 3.5 per cent to the closing price of TCS today. The deal will likely take place on Tuesday, sources said.

Tata Sons holds 73.28 per cent stake in TCS, according to the December-end filing.