Tata Sons, one of the promoters of Tata Consultancy Services, revoked its 56 lakh shares from the lenders reducing the total stake pledged by the entity to 12.05 per cent.
In a regulatory disclosure to the Bombay Stock Exchange, the country's largest software exporter TCS said its promoter Tata Sons has revoked 56 lakh shares and the transaction took place on June 22.
Post transaction, the total stake pledged by Tata Sons stands at 12.05 per cent amounting 23.57 crore shares.
As per the details available with the BSE, at the end of March quarter, Tata Sons held a 73.75 per cent stake in TCS.
Shares of TCS today closed at Rs 391.40, marginally up by 0.32 per cent on the BSE.
