Tata Consultancy Services Ltd.

Tata Consultancy Services (TCS) is all set to acquire100 per cent equity shares in Darshita Southern India Happy Homes in an all-cash deal of Rs 2,250 crore. The deal involves the acquisition of land and building held by Darshita Southern India Happy Homes to serve as a delivery centre for TCS. 

There will be a call option to acquire 100 per cent equity shares in the entity after two years. Incorporated in September 2004, the acquired entity is engaged in the development of a commercial property which would be let on lease to industrial consumers.

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.