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 latter's 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 the transfer of GE’s stake in the venture to TCS,” it said in a regulatory filing. Under the deal...
Source: thehindubusinessline.com