Tata Sons Pvt Ltd is set to earn approximately Rs 2,600 crore in dividend income from its stake in Tata Consultancy Services (TCS). Holding 71.74% of TCS, Tata Sons will benefit from the IT giant’s second interim dividend of Rs 10 per share for FY25.
TCS had previously distributed Rs 10 per share in July 2024 and a final dividend of Rs 28 in May 2024. The record date for the latest dividend is set for October 18, 2024.
TCS shares have advanced by 10.96% in 2024, while the benchmark Sensex has risen 12.92% during the same period.
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Source: Moneycontrol
News Desk
