INSUBCONTINENT EXCLUSIVE:
Shares of Tata Consultancy Services (TCS), the largest Indian IT firm by sales, turned ex-bonus on Thursday
The IT major announced a 1:1 bonus for its shareholders on its 50th anniversary
The scrip was trading 0.19 per cent down at new adjusted price of Rs 1,755.45 today morning
The BSE Sensex was up 95 points, 0.27 per cent, at 35,000 at around 9.35 am.
The company has set June 2 as record date for the bonus shares
This is the third bonus offering by TCS since listing in 2004
Those who were holding shares of TCS till Wednesday are eligible to get bonus shares of the IT major
reported a 4.48 per cent year-on-year (yoy) rise in consolidated net profit at Rs 6,904 crore for the March quarter
The figure topped Rs 6,812.5 crore profit estimate by analysts in an ETNow poll
