Tech
TCS acquisition: TCS buys 100% stake in commercial realty firm Darshita Southern India Happy Homes
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Tata Consultancy Services Ltd (TCS), India’s largest IT services firm, on Tuesday said it has signed an agreement to acquire 100% stake in a Bengaluru-headquartered commercial real estate company Darshita Southern India Happy Homes Pvt Ltd for Rs 2,250 crore in cash consideration.
The acquisition of land and building which is held by the entity is to serve as a delivery center, TCS said in a stock exchange filing.
The transaction has a call option to acquire 100% equity shares in the entity after two years by the Tata Group firm.
Incorporated in…
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