TCS sells 30% stake in South African arm for ₹28.29 crore to comply with norms

The agreement, signed on December 20, 2024, ensures compliance with South Africa’s Broad-Based Black Economic Empowerment (B-BBEE) Act. Shares of Tata Consultancy Services Ltd ended at ₹4,168.05, down by ₹103.45, or 2.42%, on the BSE.

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