Tata Consultancy Services(TCS) announces Rs 2,628 crore bonus for employees Thursday April 16,2015

 

Tata Consultancy Services(TCS)on  Thursday April 16,2015 said it will give out one-time bonus to employees that will be cost it Rs 2,628 crore.

TCS will pay employees a Special Reward or one-time bonus to mark the 10th anniversary of the company's initial public offering in August 2004, TCS said in a statement.

Globally, all employees who have completed at least one year of service will be eligible for the special bonus payment.

Each employee will be given a reward equivalent to one week's salary for every year of service completed at TCS, it added

The company had 3.18 lakh employees as of October- December, 2014 quarter.

Note

TCS went public in August 2004 listing its shares on the Bombay Stock Exchange and the National Stock Exchange.

It has since become the company with the highest market capitalisation in the Indian stock market.