New Delhi, April 12 -- Tata Consultancy Services Ltd's (TCS) shareholder payouts to its parent Tata Sons have shown a fluctuating but broadly downward trend in recent years, potentially constraining the holding company's ability to fund its capital-intensive businesses.

The lower shareholder payouts come as TCS's acquisitions and its entry into the data centre business last year weighed on cash flows, and may come under further pressure as the company continues to explore acquisition opportunities.

Its latest payout of Rs.28,292.1 crore in the financial year ended March 2026 (FY26) was lower than the previous year's Rs.32,184.2 crore, marking the third decline in total shareholder returns - comprising dividends and buybacks - over the p...