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Shapoorji offloads Rs 397-cr TCS shares to strengthen its balance sheet

The group is reportedly looking to sell stake in Eureka Forbes to shore up liquidity.

Shapoorji Pallonji
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Raghavendra kamathMayank Patwardhan Mumbai
Shapoorji Pallonji Group has sold more shares of Tata-owned information technology firm Tata Consultancy Services (TCS) on Thursday, as part of its asset monetisation plan. 

Though the bulk deal data of exchanges did not reveal any specific sell-out by Shapoorji, TV channels said it has sold 1.95 million shares in TCS for Rs 397 crore. This is 0.05 per cent of its shareholding. The company still holds 0.09 per cent of shares in TCS.

TCS witnessed trading of 7.3 million shares worth Rs 1,495.3 crore on Thursday, which is almost the double its monthly average.

“Shapoorji Pallonji Group sold some

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