TCS Shares Fell More Than 5 Percent In Morning After The Large Block

TCS shares fell more than 5 percent in morning after the large block deal trade.

Tata Sons, the promoter of major operating companies of the Tata group, was planning to raise around Rs 8,200 crore by selling stake in the IT major, according to investment banking sources.

Tata Sons was looking to sell around 2.83 crore shares amounting to about 1.48 percent stake in TCS, the sources added.

After the proposed share sale, Tata Sons' holding in Tata Consultancy Services would come down to around 72 percent from 73.52 percent as on December, 2017.

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