Tata Sons to sell 1.5 percent stake in TCS shares

Vastavam web: India’s Tata Sons is set to sell on Tuesday a roughly 1.5 percent stake in its flagship Tata Consultancy Services for about $1.25 billion.Tata Sons, which owned 73.5 percent of TCS as of end-December, is selling TCS shares in a price range of 2,872 rupees to 2,925 rupees each, according to a deal term sheet.That would be a discount of 4.2 to 5.9 percent to TCS’s Monday closing price of 3,052.15 rupees.