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Tata Sons, the holding firm of the Tata Group, will probably be promoting 2.34 crore shares or 0.65 per cent fairness of Tata Consultancy Companies by means of a block deal for ₹9,362.3 crore ($1.13 billion).
In response to the time period sheet, seen by businessline, the ground value of the deal has been mounted at ₹4,001 a share, a reduction of three.65 per cent to the closing value of TCS at this time. The deal will possible happen on Tuesday, sources stated. JP Morgan and Citigroup are joint guide runners to the deal.
In response to the December-end submitting, Tata Sons holds a 72.38 per cent stake in TCS.
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