trending Market Intelligence /marketintelligence/en/news-insights/trending/J7iJcjmuFwHRs4rKZQAIew2 content
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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

TCS Group controlling shareholder trims stake

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


TCS Group controlling shareholder trims stake

TCS Group Holding Plc said Altoville Holdings Ltd. raised gross proceeds of $150 million from the sale of global depositary receipts in the company.

Altoville, which is connected with TCS' controlling shareholder Oleg Tinkov, sold 8,333,334 GDRs representing class A shares in the company via a placing for $18 per GDR.

Proceeds of the placing are payable in cash. TCS will not receive any proceeds from the placing.

The placing is expected to close March 18. Following the completion of the sale, Tinkov's stake in TCS will drop to approximately 43.8% from roughly 48.3%.

Morgan Stanley & Co. International PLC acted as book runner on the placing.