TCS shares fall over 5%; market capitalisation dips by Rs 305 billion

Led by the drop in the stock, the company's market valuation tumbled Rs 305.13 billion to Rs 5,537 billion

Shares of Tata Consultancy Services (TCS) declined over 5 per cent on Tuesday following reports that Tata Sons is planning to raise around Rs 82 billion by selling stake in the information technology (IT) major.
 
The stock dropped 5.22 per cent to end at Rs 2,892.45 on the BSE. During the day, it dove 5.49 per cent to Rs 2,884.10.
 
On the National Stock Exchange (NSE), shares of the company slipped 5.41 per cent to close at Rs 2,886.80.
 
Led by the drop in the stock, the company's market valuation tumbled Rs 305.13 billion to Rs 5,537