Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 263)

2024-03-19 Business

263.

What percentage of stake in Tata Consultancy Services (TCS) did Tata Sons announce to sell for over ₹9,300 crore?

0.65%

1.2%

0.92%

1.5%

Answer: Option

Explanation:

Tata Sons announced the sale of a 0.65% stake in Tata Consultancy Services (TCS) for over ₹9,300 crore as part of its strategy to reduce debt. This move, aimed at optimizing Tata Sons' financial position, reflects the significance of TCS within the Tata Group's asset portfolio and its contribution to dividend income.