March 13, 2018 / 4:29 AM / 2 months ago

BUZZ-India's TCS slumps; Tata Sons to sell shares worth $1.25 bln in co

** Shares in Tata Consultancy Services fall as much as 5.9 pct to 2872 rupees, its lowest since Jan. 18

** Tata Sons is set to sell roughly 1.5 pct stake in the software services provider for about $1.25 bln

** Tata Sons to sell TCS shares in a range of 2,872-2,925 rupees each, a discount of 4.2 to 5.9 pct to TCS’s Monday closing price

** Stock posts its biggest intraday pct fall since Nov. 2016

** Over 38 mln shares traded, compared with the 30-day avg of 1.2 mln shares

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