TCS shares in focus as co sells 30% stake in South African arm worth Rs 28 crore to comply with norms
Shares of Tata Consultancy Services (TCS) will be in focus after the company announced that it has entered into an agreement with Isisekelo Sethu Trust to sell and dispose off 30% of shares worth Rs 28 crore (ZAR 60 million) held by TCS Africa in TCS SA to comply with the Broad-Based Black Economic Empowerment…
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Vedanta garners Rs 3,100 crore from Hindustan Zinc OFS
Billionaire Anil Agarwal’s Vedanta fell short of meeting its initially targeted proceeds from an offer for sale (OFS) in group entity Hindustan Zinc, with the exercise netting βΉ3,100 crore for the resources conglomerate that had first sought to garner up to βΉ6,500 crore in stake dilution but later reduced the OFS size. Vedanta sold 63.6…
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