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TCS surges on inking definitive agreements for acquisition of 100% equity shares in Alti SA

09 Apr 2013

TCS is currently trading at Rs. 1502.00, up by 21.00 points or 1.42% from its previous closing of Rs. 1481.00 on the BSE.

The scrip opened at Rs. 1481.00 and has touched a high and low of Rs. 1504.00 and Rs. 1478.00 respectively. So far 20982 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1598.00 on 07-Mar-2013 and a 52 week low of Rs. 1046.55 on 23-Apr-2012.

Last one week high and low of the scrip stood at Rs. 1575.00 and Rs. 1476.05 respectively. The current market cap of the company is Rs. 290432.02 crore.

The promoters holding in the company stood at 73.96% while Institutions and Non-Institutions held 21.41% and 4.63% respectively. 

Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm, has inked definitive agreements for the acquisition of 100% equity shares in Alti SA, an IT services company in France, for a value of € 75 million in an all-cash transaction. This acquisition will strengthen the software major’s ability and footprint to service its customers in France and other regions in Europe. The transaction is subject to customary closing conditions.

Alti SA is a leading French technology services firm with strong expertise in IT Services including Enterprise Solutions, Assurance and CRM solutions.

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.

Related Tata Consultancy Services Ltd. Links:

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