The announcement was made after market hours on Wednesday, 12 December 2012.
Meanwhile, the BSE Sensex was up 62.52 points, or 0.32%, to 19,417.78.
On BSE, 1,804 shares were traded in the counter as against an average daily volume of 98,845 shares in the past one quarter.
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The stock hit a high of Rs 1,238 and a low of Rs 1,230 so far during the day. The stock had hit a record high of Rs 1,438 on 14 September 2012. The stock had hit a 52-week low of Rs 1046.55 on 23 April 2012.
The stock had underperformed the market over the past one month till 12 December 2012, falling 8.11% compared with the Sensex's 3.67% rise. The scrip had also underperformed the market in past one quarter, sliding 13.20% as against Sensex's 7.53% rise.
The large-cap IT firm has an equity capital of Rs 195.72 crore. Face value per share is Re 1.
Mitchells & Butlers (M&B), the UK's leading hospitality business chain, is partnering with TCS to streamline the management of its HR and payroll operations, which serve 38,000 employees across 1600 restaurants and pubs across the country.
The agreement underscores TCS' non-linear growth strategy in key markets. TCS' HCM Platform is an integrated and global solution that encompasses key areas of payroll, time management, workforce administration, compensation, recruitment, learning management and performance management. It comes with full self-service, actionable analytical reporting and comprehensive mobile enablement. Customers have the choice to adopt the platform under SaaS, BPaaS (SaaS + BPO Process Delivery) or a hybrid model, TCS said in a statement.
TCS' consolidated net profit rose 4% to Rs 3434.37 crore on 5% growth in sales to Rs 15620.75 crore in Q2 September 2012 over Q1 June 2012.
TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.
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