Tata to Sell $1.25 Billion Stake in Software Arm to Pay Debt


Tata Sons Ltd., the holding company for India’s biggest business group, is selling about $1.25 billion of its stake in software services provider Tata Consultancy Ltd.

Tata Sons was offering 28.27 million shares of Asia’s largest software developer, or about a 1.48 percent stake, after the market close Monday, according to terms for the deal obtained by Bloomberg. The company was planning to sell the shares at 2,872 rupees to 2,925 rupees a share, the terms show…
Categories : Finance

Leave a Reply

You must be logged in to post a comment.