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.
Wednesday, June 24, 2009
TCS - Management Stockholding
Subscribe to:
Post Comments (Atom)
7 comments:
Hi Ninad,
random but interesting observation :)
Regards,
sumayya
Hi Sumayya
Yeah one of those small things that just jump of the newspaper pages :-)
Cheers
Ninad
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.
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
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.
Hi Anon
Thanks for the inputs.
Cheers
Ninad
Hi Anon
Thanks for the inputs.
Cheers
Ninad
Post a Comment