TCS shareholders to earn record Rs 30,250 crore from firm in FY21

Tata Sons likely to net nearly Rs 22,000 crore from its crown jewel for the past financial year

Topics
TCS | Tata Sons | Shareholders

Krishna Kant  |  Mumbai 

Tata Consultancy Services, the Tata group cash cow and India’s largest IT services company, will make another record this year. With its final dividend for FY21 of Rs 15 per share announced on Monday, TCS will make the biggest ever cash reward to its shareholders in a financial year.

Together with its share buyback worth Rs 16,000 crore completed in January this year, TCS shareholders will receive a record Rs 30,250 crore from their company in FY21. The company is paying total equity dividend of Rs 38 per share translating into total pay-out of around Rs 14,000 crore for FY21. This ...

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First Published: Tue, April 13 2021. 00:43 IST
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