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TCS to buy out GE's stake in Saudi JV - The Hindu BusinessLine

TCS to buy out GE’s stake in Saudi JV January 12, 2021 × Tata Consultancy Services (TCS) has signed an agreement with GE to buy the latters stake in their joint venture firm, Tata Consultancy Services Saudi Arabia, for $12,471 (about ₹9.14 lakh). The deal, which requires anti-trust approval in Saudi Arabia, is expected to be completed in six months. “Given GE’s planned exit from this partnership, the partners have entered into a definitive agreement subject to closing conditions for th...
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