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.

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TCS acquisition: TCS buys 100% stake in commercial realty firm Darshita Southern India Happy Homes


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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