TCS may boost dividends to Tata Sons by a third by FY253 min read 18 Sep 2022, 11:45 PM IST
Increased income from TCS to help Tata Sons bankroll group’s capital expenditure plans
TCS returned ₹38,010 cr to shareholders in dividend and share buyback in the year ended 31 March 2022
BENGALURU : Tata Sons Ltd’s reliance on Tata Consultancy Services Ltd (TCS) to bankroll the group’s planned $18 billion annual capital expenditure is expected to increase over the next five years as dividend income from the country’s largest technology services company is estimated to jump by a third by 2025 on the back of improving free cash flow.
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