---
title: "Weekly Recap: N. Chandrasekaran to step down and Rs 12/31 dividends"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296041379.md"
description: "TCS shares dropped 3.9%-5% as Chairman N. Chandrasekaran announced he will step down in February 2027. Despite this, TCS declared interim and final dividends of Rs 12 and Rs 31 per share respectively. The company also strengthened its AI-cloud capabilities through partnerships with Vodafone for UK enterprises and Google Cloud to open a Gemini Experience Center in Mexico City. Technical analysis suggests a bullish breakout target near 2,600."
datetime: "2026-08-17T01:14:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296041379.md)
  - [en](https://longbridge.com/en/news/296041379.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296041379.md)
generator: "portal-rs"
---

# Weekly Recap: N. Chandrasekaran to step down and Rs 12/31 dividends

Tata Consultancy Services Limited (NSE:TCS) saw shares drop after chairman N. Chandrasekaran said he won’t seek reappointment, even as the company declared successive dividends and forged AI-cloud partnerships with Vodafone and Google Cloud while technical charts flag a bullish breakout target near 2,600.

**Previous Week Recap**

-   **Tata Consultancy Services Limited: Chairman To Step Down**: TCS shares fell about 3.9%–5% after chairman N. Chandrasekaran said he won’t seek reappointment and will step down at term end on February 20, 2027, sparking Tata group selloff. 3 sources
-   **TCS Announces Interim And Final Dividends**: Tata Consultancy Services (TCS) declared an interim dividend of Rs 12/share payable July 15, 2026, and a final dividend of Rs 31/share paid May 25, 2026; prior dividends paid Jan 16, 2026. Moneycontrol
-   **TCS Trading Sideways With Bullish Flag**: TCS trading sideways after recent rise, forming bullish flag above key moving averages. Near-term pivot 2,360; sustained move above targets 2,600 with stop at 2,360. Moneycontrol
-   **TCS Partners With Vodafone On AI-Cloud**: TCS partners with Vodafone to offer AI‑and‑cloud solutions for UK enterprises, combining TCS tech platforms with Vodafone connectivity to target corporate customers and drive digital transformation. Reuters
-   **TCS Google Cloud Gemini Center In Mexico City**: TCS and Google Cloud will open a Gemini Experience Center in Mexico City to boost AI adoption across industries, expanding TCS’s innovation center network and services for enterprise clients. Moneycontrol

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**