CMC gets nod to enhance FIIs limit to 35%

06 Mar 2014

CMC, a subsidiary of Tata Consultancy Services (TCS) has received an approval to enhance the limit of Foreign Institutional Investors (FIIs) shareholding from 24% to 35% of the paid up share capital of the company. The board of directors at its meeting held on March 06, 2014 has approved for the same subject to shareholders’ approval.

CMC is leading system engineering and Integration Company in India and is a subsidiary of Tata Consultancy Services, Asia’s largest software company. Operating out of 18 offices and 180 services locations in the country, CMC employs over 10,000 people and has a wholly owned subsidiary in USA called CMC Americas, Inc.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323