TCS seeks shareholders’ nod for related party transactions – Times of India

TCS seeks shareholders’ nod for related party transactions – Times of India

MUMBAI: TCS will approach shareholders on May 31 for their approval on related party transactions worth over Rs 8,000 crore with its promoter Tata Sons and its subsidiaries.
New Sebi rules require a company to seek shareholder approval if the value of RPTs exceeds Rs 1,000 crore or 10% of its consolidated turnover. TCS’s RPTs with Tata Sons and its arms including Tejas Networks, Tata Motors and Jaguar Land Rover stood at Rs 8,336 crore in FY24, according to the software services company’s notice to shareholders.

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