Tata Consultancy Services’ (TCS) wholly owned subsidiary -- Tata Consultancy Services (Africa) (Proprietary) (TCS Africa) and its step down wholly owned subsidiary -- Tata Consultancy Services (South Africa) (Proprietary) (TCS SA) have entered into an agreement with Isisekelo Sethu Trust to sell and dispose off 30% of shares held by TCS Africa in TCS SA to comply with the Broad-Based Black Economic Empowerment (B-BBEE) guidelines in South Africa.
Consequent to the above transaction, TCS SA will cease to be a wholly owned step-down subsidiary of TCS.
TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering.
| Company Name | CMP |
|---|---|
| TCS | 2581.65 |
| Infosys | 1318.60 |
| HCL Tech. | 1442.50 |
| Wipro | 204.35 |
| Tech Mahindra | 1511.85 |
| View more.. | |
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