Date:15/11/2006 URL: http://www.thehindu.com/2006/11/15/stories/2006111501911900.htm

Business - Briefly

Tata Sons offloads stake in TCS to HSBC

MUMBAI: HSBC Global Investment on Tuesday acquired 70.95 lakh shares of Tata Consultancy Services for about Rs. 751 crore from the company's promoter Tata Sons. According to information available with the BSE, Tata Sons offloaded as much as 85 lakh shares of TCS, amounting to about 0.86 per cent stake in the company, for a total of Rs. 900 crore.