TCS Offers Record 2,628 Crore One-Time Bonus To Employees
TCS was listed on August 25, 2004, after a runaway IPO that was oversubscribed 19.2 times, raising over 5,300 crore. Through the issue, Tata Sons offered 5.545 crore shares with a face value of Re 1 and at a premium of 849. The shares were listed at 1,076 apiece.
On May 2, 2012, TCS became the most valued company in terms of market capitalisation with an m-cap of 2,48,116 crore, overtaking RIL's 2,43,413 crore, and by July 24, 2014, it created history by becoming the first company to have an m-cap of over 5 lakh crore.
TCS commands such a high valuation despite the fact that the promoters still owns 73.90 per cent with the public owning just 26.10 per cent, 1.1 per cent above the regulatory requirement.
At the end of the trade on Thursday, TCS commanded a valuation of 506,363.12 crore and the counter closed at 2,585.20, down 1.50 per cent on a day when the Sensex lost 134 points. During the year, the company script had touched a high of 2,834 on the BSE.
On August 26, 2013, TCS became the second most valuable IT company in the world in terms of its share price with an m-cap of 3,95,975 crore or $58.66 billion after IBM's $200 billion valuation.
This special reward to employees acknowledges the role the employees have played in building TCS into one of the most respected and valued technology services companies in the world, Chandrasekaran added.
Founded in 1968 by the late JRD Tata, TCS had a revenue of 94,648 crore or USD 15.5 billion, up 15.7 per cent in FY15.
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