Tata Consultancy Services (TCS) has acquired 65% of equity shares and optionally redeemable convertible debentures of Tata Realty and Infrastructure’s two wholly owned subsidiaries -- TRIL Bengaluru Real Estate Five and TRIL Bengaluru Real Estate Six in first tranche. Accordingly, TRIL Bengaluru Real Estate Five and TRIL Bengaluru Real Estate Six have become the subsidiaries of the Company.
The company executed Share Purchase and Securities Purchase Agreement (SSPA) with Tata Realty and Infrastructure (TRIL) and TRIL Bengaluru Real Estate Five and TRIL Bengaluru Real Estate Six (Entities) for acquisition of 100% of equity shares and optionally redeemable convertible debentures of Entities held by TRIL, in two tranches.
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.
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