Orders include Rs 383 crore worth of overseas orders.
Newage companies are an opportunity pool as they face pressure to reduce costs amid weakening macro, leading to offshoring opportunities.
The bonds may be perpetual debt instruments such as AT-1 bonds.
Partnerships and alliances will be core to revenue synergies, while complimentary portfolio offers enough cross-sell and up-sell opportunities.
TCS will announce its March quarter results today.
All eyes on FY24 outlook
As per the latest shareholding pattern shared with NSE and BSE, the combined stake of mutual funds stood at 3.09% at the end of March quarter.
The company has announced Ganesh Mohan as the chief executive officer (CEO) of the asset management company.
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