TCS to acquire General Electric's stake in TCS Saudi Arabia

13 Jan 2021 Evaluate

Tata Consultancy Services (TCS) is planning to acquire General Electric's (GE's) stake in Tata Consultancy Services Saudi Arabia for $12,471 (about Rs 9.13 lakh). In September 2013, TCS announced the creation of an all-women business process services centre in Riyadh (Saudi Arabia) in partnership with GE. On completion of required governance and business changes to effect this transition, TCS will assume full responsibility of the centre. This will secure the centre's viability in the longer term and allow it to continue to serve as a source of opportunity and skills development for women in the country.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.

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3859.65 7.80 (0.20%)
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