Tata Sons sells $1.25 billion stake in TCS to pay debt
Tata Sons on Monday sold a 1.48% stake worth $1.25 billion (â¹8,123 crore) in its IT services firm Tata Consultancy Services (TCS). The proceeds will reportedly be used to repay debt owed by Tata Teleservices, which was sold to Bharti Airtel last year. Tata Sons' holding in TCS will come down to around 72% from 73.52% as on December 2017.