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Parent gains: Tata Sons has earned ₹92,000 cr from TCS since 2016

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Parent gains: Tata Sons has earned ₹92,000 cr from TCS since 2016
October 19, 2020
This includes about ₹61,000 cr through dividend, ₹31,000 cr via share buybacks
Narayanan V The IT industry has emerged the most resilient amid the pandemic and the top players, including TCS and Wipro, have been rather generous in sharing their bounty with shareholders, in the form of dividend and buybacks. Tata Sons, which holds a 72 per cent stake in TCS, has been raking it in not just this fiscal, but over the past five years.
TCS has paid ₹77,128 crore to Tata Sons between FY16 and FY20 through dividends and buybacks. An additional ₹14,600 crore is likely to flow to the parent company through the payouts and buybacks announced so far this fiscal, taking the tally since 2016 to beyond ₹91,000 crore.

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