Business Standard

Tata Sons likely to earn record Rs 27,797 crore from its listed firms

The analysis is based on the annual dividend paid/declared by listed Tata group companies every financial year

Tata Sons, Cyrus Mistry

Listed companies usually declare their annual dividends at the end of every financial year and the proceeds show up in shareholder accounts in the following year

Krishna Kant Mumbai
Tata Sons, India's biggest promoter in the private sector, is expected to earn a record Rs 27,797 crore via equity dividend and proceeds through share buyback from its listed group companies for the financial year 2021-22. This amount is up 17.6 per cent from Rs 23,663 crore that it pocketed in FY21.

Nearly two-thirds of these proceeds will show up in Tata Sons’ financial results for FY22, thanks to the quarterly interim dividend by its cash cow Tata Consultancy Services (TCS). The software major also completed its Rs 18,000 crore worth of share buyback programme for FY22 before the end

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First Published: May 24 2022 | 6:10 AM IST

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