TCS to share ₹12,750 crore with shareholders

22 Jul

In what could be the highest-ever dividend payout by an Indian company, Tata Consultancy Services will shell out about ₹12,750 crore to its 600,000 shareholders.

Though the move will deplete the cash chest of India’s largest IT company by more than half, the lion’s share of the dividend largesse will go to TCS’ parent, Tata Sons, which will become richer by ₹9,382 crore.

As of June 30, the company had a cash chest of ₹25,900 crore.

via In dividend largesse, TCS to share ₹12,750 crore with shareholders | Business Line.

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