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Tata Sons earned Rs 19,600 cr as dividend, share buyback from TCS in FY19

In the last five years, Tata Sons has cumulatively earned around Rs 62,500 crore as equity dividend

Krishna Kant  |  Mumbai 

Tata Sons, the holding and the promoter company of the Tata group, continues to remain dependent on Tata Consultancy Services to fund the investment and growth of other group firms. In FY19, TCS accounted for 95 per cent of Tata Sons’ dividend from the listed companies of the bailiwick, the same as it was a year ago, but an increase over five years earlier.

In FY14, the software major, in which Tata Sons owns 72 per cent, accounted for 85 per cent of the group coffers. The holding company is estimated to have earned nearly Rs 19,600 crore as equity dividend and share buyback ...

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First Published: Thu, October 17 2019. 23:18 IST
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