Wednesday, June 24, 2009

TCS - Management Stockholding

I saw some interesting piece of information in yesterdays ET in the insider trading disclosure on TCS. The top management of TCS got alloted the following number of shares by virtue of the 1:1 bonus issue. The actual holding is double of this.

Mr Ratan Tata - 761628
Phiroz Vandrewala - 50304
N Chandrashekaran - 44264
S Ramadorai - 99560
S Mahalingam - 80840
Mrs Lalitha - 60

Came as a surprise to me that Ratan Tata owns stock in TCS in a individual capacity.

7 comments:

sumi said...

Hi Ninad,

random but interesting observation :)

Regards,
sumayya

Ninad Kunder said...

Hi Sumayya

Yeah one of those small things that just jump of the newspaper pages :-)

Cheers

Ninad

Anonymous said...

Actually it is not very surprising. Ratan Tata own about 2000-3000 shares in Tata Sons. TCS was a fully owned subsidiary of Tata Sons. When TCS went public, shares would have been allotted to Ratan Tata as well. Also shares were allotted to senior TCS execs sometime in 2005 after the IPO for a cost of Re. 1 per share. I think ratan Tata got the maximum number of shares in that.

Ninad Kunder said...

Hi Anon

Though TCS is owned by Tata Sons, Ratan Tata's holding in Tata Sons doesnt translate into direct holding in TCS.

Also shares would have been alloted as Esops. I dont think Ratan Tata was involved at the executive level to have got ESops.

Cheers
Ninad

Anonymous said...

Shares given to senior management were not ESOPs. They were given shares at Re.1/share. It was like a loyalty bonus.

Since TCS was a fully owned subsidiary of Tata Sons it is always possible through some corporate restructuring or reorganisation before IPO that Ratan Tata got those shares.

Ninad Kunder said...

Hi Anon

Thanks for the inputs.

Cheers

Ninad

Ninad Kunder said...

Hi Anon

Thanks for the inputs.

Cheers

Ninad