November 21, 2017 / 7:20 AM / in 25 days

BRIEF-Oleg Tinkov sells 14 mln GDRs in TCS Group raising $245 million

Nov 21 (Reuters) - TCS GROUP HOLDING PLC

* SAYS ‍TADEK HAS SOLD 14 MILLION GDRS AT A PRICE OF USD 17.50 PER GDR, RAISING USD 245 MILLION​

* SAYS ‍FOLLOWING COMPLETION OF PLACING SELLING SHAREHOLDER WILL OWN APPROXIMATELY 47 PER CENT OF COMPANY‘S ISSUED SHARE CAPITAL

* TCS SAID ON MONDAY THAT TADEK, COMPANY CONNECTED WITH ITS MAIN SHAREHOLDER OLEG TINKOV, PLANNED TO SELL 12 MLN GDRS IN ACCELERATED BOOKBUILD​​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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