M&A

M&A

TCS to acquire land holding co for Rs.2,250-Cr; deal to facilitate delivery center expansion

BSE   Business Standard  

Mumbai-based, publicly listed Tata Consultancy Services (TCS) is to acquire 100% equity share of Bengaluru-based Darshita Southern India Happy Homes for INR 2,250 crore. The acquisition would help TCS expand its delivery centre.Incorporated in September 2004, Darshita Southern India Happy Homes is engaged in the development of a commercial property, which would be leased to prospective industrial consumers. Since the property is still under development, revenue generation is yet to commence.