TCS and ASX go live with CHESS system for clearing and settlementTCS and ASX go live with CHESS system for clearing and settlement

Introduction

Leading IT services provider implemented ASX CHESS Release 1 for cash clearing and settlement, enabling scalable cloud infrastructure for financial market modernization and processing.

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Share price movement of TCS

On April 28, 2026, Tata Consultancy Services Ltd opened at ₹2,449.00, up 0.06% from its previous close of ₹2,447.45. The stock reached a high of ₹2,486.30 (1.59%) and a low of ₹2,437.55. It was trading at ₹2,439.40, a 0.33% decline, with a market cap of ₹8,82,596.27 crore.

TCS ASX CHESS Go-Live Update 

Tata Consultancy Services and Australian Securities Exchange went live with CHESS Release 1 for cash clearing and settlement under ASX modernization program for financial market infrastructure upgrade.

TCS implemented TCS BaNCS for Market Infrastructure and Quartz solutions for CCP clearing. The system supports multiple asset classes, real-time trade processing, and international messaging standards compliance.

The cloud-based platform enables over 20 million trades daily. It improves scalability, resilience, and supports ASX digital transformation. Release 2 development has begun with industry participants collaboration.

Stock performance of TCS for period of 1 week, 6 months, and 1 year

Tata Consultancy Services Ltd delivered a 1-week return of -6.24%, a 6-month return of -19.4%, and a 1-year return of -28.9%.

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Shareholding pattern of TCS

Particulars	Mar 2026	Dec 2025	Sep 2025
Promoter	71.80%	71.80%	71.80%
FII	10%	10%	10%
DII	13.40%	12.90%	12.70%
Public	5%	5%	5.20%

About TCS

Tata Consultancy Services Ltd (NSE: TCS) is an IT services, consulting, and business solutions company supporting global enterprises with digital transformation for over 50 years.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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