Tata Sons has offered to sell 2.34 crore shares of IT major Tata Consultancy Services Ltd (TCS) at Rs 4,001 per share through block deals to raise $1.1 billion, reported Bloomberg on March 18.
The floor price represents a 3.6 percent discount to the last traded price. On March 18, TCS’ shares on BSE closed 1.8 percent lower at Rs 4,144.25 while their intraday high was Rs 4,254.75.