Mar 5, 2021
By: Navdeep Yadav
This is by far the company's largest-ever acquisition by the Bengaluru-based IT services major.
The company has set the floor price at ₹190.40 per share, which is at a 2.54 percent discount to Thursday closing price.
The bonds set to mature on March 4, 2026, bear a coupon rate of 4.5 percent.
TCS sees this as an opportunity to streamline the stages of end-to-end testing and vaccination journeys.
It will offer its salary account proposition with exclusive benefits to the Army personnel – both active and retired.
Three accounts of S Kumars Nationwide, Priya Ltd and Yuvaraj Power Projects have been declared as fraud.
In a regulatory filing, the company informed that the decision would be taken at a meeting on March 9.
The grey market premium suggests an upside of ₹260-270 per share.