TCS Holding shareholders approve amendments to charter to confirm changing name to T-Technologies

MOSCOW. Nov 14 (Interfax) - The shareholders of IPJSC TCS Holding, the parent company of TBank and T-Insurance, during an extraordinary meeting approved amendments to the charter to enshrine the group's name as IPJSC T-Technologies, the group said.

The holding's shares will be trade on the Moscow Exchange under a new ticker - "T". "This is the first one-letter stock exchange ticker in Russia," the group said in a statement. The shares currently trade under the TCSG ticker.

The ticker will be updated in Russian broker apps on November 28.

The holding changed the names of the group's main assets, including Tinkoff Bank to TBank, this past summer.

IPJSC TCS Holding was created as part of re-registering TCS Group from Cyprus to Russia.

Vladimir Potanin's Interros became the main shareholder in TCS Group in April 2022 by buying out 35% from the group's founder Oleg Tinkov, who was later recognized as a foreign agent in the Russian Federation. Interros's share in the group increased to 41.4% following the deal to integrate Rosbank into TCS Holding, which was completed in August.