The country's largest software exporter
Tata Consultancy Services on Tuesday said one of its promoters, Tata Sons, has revoked 6.93 crore pledged shares of the company.
After revoking of these shares, Tata Sons has about 9.18 crore pledged shares, accounting for about a 4.69 per cent stake in TCS.
In a disclosure to the
Bombay Stock Exchange, TCS said that Tata Sons revoked the 6.93 crore shares on July 18.
As of the quarter ended June 30, 2011, Tata Sons held a 73.75 per cent stake, or 144.34 crore shares, in the IT firm, according to data available on the BSE.
Out of the total 195.72 crore outstanding shares of the company, Tata Sons has pledged shares worth a 4.69 per cent stake.
Meanwhile, out of the total 73.75 per cent stake held by Tata Sons, the promoters have 6.36 per cent pledged.
Shares of Tata Consultancy Services were trading at Rs 1,147.25 on the BSE on Tuesday, up 0.70 per cent from their previous close.
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