trending Market Intelligence /marketintelligence/en/news-insights/trending/gcgyi3t88i-yjbzpdfzfxq2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

TCS Group Holding's main shareholder plans GDR purchases

MI Mobile App

Independent Networks Gain Little Traction On Virtual Multichannel Services

Big Strategy Decisions Ahead For Viacom As It Moves Into The CBS Fold

Street Talk Episode 48 - Bank M&A, Investing Against An Inverted Yield Curve Overview


TCS Group Holding's main shareholder plans GDR purchases

controlling shareholder, Oleg Tinkov, and his partners plan to increase theirstake in the company by purchasing up to $10 million worth of its globaldepository receipts, which are listed on the London Stock Exchange.

Justover $1.1 million has already been spent on the purchase of 165,617 GDRs at anaverage price of $6.90 apiece, the company said Oct. 5, adding that the buybackhighlights "the controlling shareholder's confidence in the group'scontinued strong performance" after its first-half , the company noted.  

TCSGroup includes JSC TinkoffBank and JSC TinkoffInsurance.

BritishVirgin Islands-based Tadek Holding & Finance SA holds a 53.52% stake in thefirm, according to data from SNL Financial, an offering of S&P GlobalMarket Intelligence. The firm was described in a 2014 TCS Group filingas being wholly owned by Tinkov.