The country's largest software exporter Tata Consultancy Services today said one of its promoters, Tata Sons, has revoked 6.93 crore pledged shares of the company.
After revoking of these shares, Tata Sons has about 9.18 crore pledged shares, accounting for about a 4.69% stake in TCS.
In a disclosure to the Bombay Stock Exchange, TCS said Tata Sons had revoked the 6.93 crore shares on July 18.
As of the quarter ended June 30, 2011, Tata Sons held a 73.75% stake, or 144.34 crore shares, in the IT firm, according to data available on the BSE.
Out of the total 195.72 crore outstanding shares of the company, Tata Sons has pledged shares worth a 4.69% stake.
Meanwhile, of the total 73.75% stake held by Tata Sons, the promoters have 6.36% pledged.
Shares of Tata Consultancy Services were trading at Rs 1,147.25 on the BSE today, up 0.70% from their previous close.
