Tata Sons to sell TCS shares worth up to $1.13 billion, term sheet shows

Tata Sons, the holding arm of Tata Group, plans to sell shares in Tata Consultancy Services (TCS) worth up to 93.62 billion rupees ($1.13 billion) on Tuesday, a term sheet showed. Tata Sons plans to offload 23.4 million shares in the country's top IT services provider, representing 0.65% of TCS' outstanding shareholding, according to the term sheet.