TCS AGM: Minority shareholders seek bonus shares

TCS CEO Gopinathan said company was hiring with over a third of its workforce being women

Minority shareholders expressed disapproval over the buyback policy of Tata Consultancy Services while expressing hopes the company would issue bonus shares in the future.

"There is a reservation of 15 per cent for small shareholders. We have only followed the law as anyone owning less than Rs 2 lakh of shares is classified as a minority shareholder and we are the largest dividend-paying company in the industry, " said N Chandrasekaran, chairman of Tata Consultancy Services told shareholders at the annual general meeting on Friday. TCS last issued bonus shares in 2009.

Shareholders asserted that the buyback was much more