Tata Consultancy Services Ltd.

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.