Tata Sons Private Limited, the holding company of Tata Consultancy Services Limited (NSEI:TCS), plans to sell 23.4 million shares in India's largest software services exporter for at least INR 93.00 billion on March 19, 2024, showed a term sheet issued by JP Morgan, the banker to the deal. The floor price for the stock, amounting to 0.65% of the company's equity base, has been set at INR 4,001 apiece, representing a discount of 3.6% to March 18, 2024 closing price. As of December 31, 2023, Tata Sons held a 72.38% stake in TCS.

The stock slid 1.75% to ?4,144.75 on the BSE March 18, 2024.