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As of December 31, 2023, promoters held a 72.41 percent stake in TCS, of which Tata Sons held 72.38 percent stake, while the rest is held by Tata Investment Corporation. Citigroup and JPMorgan are reportedly the joint bookrunners of the proposed share sale.



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NR Narayana Murthy, the co-founder of Infosys, has given shares valued at over Rs 240 crore to his four-month-old grandson, Ekagrah Rohan Murty, potentially making him India's youngest millionaire, according to a filing by the company on the exchanges.



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Tata Sons is looking to raise about Rs 9,362 crore ($1.1 billion) from selling the shares of its cash cow unit Tata Consultancy Services (TCS) on Tuesday as it plans to reduce debt on its books.



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