TCS to acquire Coastal Cloud for $700 million in all-cash deal

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IT major Tata Consultancy Services (TCS) has announced that it will acquire a 100% stake in Coastal Cloud for an all-cash consideration of $700 million (nearly Rs 6,286 crore).

This marks the largest acquisition by the software exporter to date and one of the largest by an Indian IT firm.

The news comes a few weeks after TCS joined forces with private equity group TPG in a multi-billion dollar joint venture to create gigawatt-scale, AI-ready data centres. Both partners agreed to cumulatively invest up to Rs 18,000 crore ($2.1 billion) as equity in…



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TCS to acquire Coastal Cloud for $700 million in all-cash deal



IT major Tata Consultancy Services (TCS) has announced that it will acquire a 100% stake in Coastal Cloud for an all-cash consideration of $700 million (nearly Rs 6,286 crore).

This marks the largest acquisition by the software exporter to date and one of the largest by an Indian IT firm.

The news comes a few weeks after TCS joined forces with private equity group TPG in a multi-billion dollar joint venture to create gigawatt-scale, AI-ready data centres. Both partners agreed to cumulatively invest up to Rs 18,000 crore ($2.1 billion) as equity 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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