TCS surges on getting nod for scheme of amalgamation

10 Apr 2013

Tata Consultancy Services (TCS) is currently trading at Rs. 1518.80, up by 21.50 points or 1.44% from its previous closing of Rs. 1497.30 on the BSE.

The scrip opened at Rs. 1502.00 and has touched a high and low of Rs. 1522.00 and Rs. 1502.00 respectively. So far 26528 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1598.00 on 07-Mar-2013 and a 52 week low of Rs. 1046.55 on 23-Apr-2012.

Last one week high and low of the scrip stood at Rs. 1575.00 and Rs. 1476.05 respectively. The current market cap of the company is Rs. 296978.93 crore.

The promoters holding in the company stood at 73.96% while Institutions and Non-Institutions held 21.41% and 4.63% respectively.

Tata Consultancy Services has received an approval from High Court of Bombay for Scheme of Amalgamation between Computational Research Laboratories (CRL) and Retail Fullserve (RFL) and the company. The formalities connected with filing of the order with ROC have been completed.

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323