TCS seeks shareholders’ nod for related celebration transactions

MUMBAI:

TCS

will approach shareholders on Might well perchance 31 for his or her approval on related celebration transactions worth over Rs 8,000 crore with its promoter

Tata Sons

and its subsidiaries.
New Sebi principles require an organization to scrutinize shareholder approval if the worth of

RPTs

exceeds Rs 1,000 crore or 10% of its consolidated turnover. TCS’s RPTs with Tata Sons and its fingers including Tejas Networks,

Tata Motors

and Jaguar

Land Rover

stood at Rs 8,336 crore in FY24, per the tool companies and products company’s glimpse to shareholders.