 "Bombay House, the headquarters of the Tata group in Mumbai. Tata Sons said its board felt that the move to turn into a private limited firm was in its best interest")
Tata Consultancy Services (TCS) has played a stellar role in helping the Tatas to become the first private business group to enter the Rs 10-trillion market capitalisation league. This has happened because of the double-digit rally in the TCS share price in the current year.
Shares of TCS, the most valuable Indian company, on Friday closed at a lifetime high of Rs 3,406. At the current price, TCS is valued at Rs 6.52 trillion, or $98.52 billion, a whisker away from the $100-billion mark.
The 27 listed companies of the Tata group now have a combined market capitalisation of Rs 10.7 trillion,
