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Among broader markets and sectors, the banking gauge, the Nifty Bank slipped 474 points to 48,564. The midcap index also declined by 313 points, closing at 50,068.
TCS dividend: TCS paid a special dividend of Rs 18 per share and an interim dividend of Rs 9 per cent share post its third quarter results. It announced Rs 45 per share in total dividend in FY24 so far.
TCS announced a final dividend of Rs 24 per share in FY23. In total, it paid Rs 115 per share dividend in the previous financial year, amounting to Rs 33,306 crore.
On Friday, TCS announced a final dividend of Rs 28 per share. This was in addition to Rs 45 per share announced over the financial year. In total, TCS paid Rs 73 per share in dividends and completed Rs 17,000 crore in share buyback during the financial year.
Its post-tax profit during the same quarter last year stood at Rs 11,392 crore