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Tata Sons confirms selling 2.34 crore shares of TCS in block deal
Following the stake sale, Tata Sons' stake in TCS has fallen to 71.74% from 72.38% earlier. The impact of the large block deal has been negative on the stock as it fell 4% on Tuesday and is now down about 7% from Monday's high. The Tata Group has not officially commented on the rationale behind the stake sale, which is small in percentage equity terms but large in size.