TCS hikes stake to 66% in Japanese JV with Rs 226.2 crore investment

Date posted: Tuesday 25 June 2019

IT services major Tata Consultancy Services (TCS) is increasing its holding to 66 per cent in TCS Japan  with an investment of 3.5 billion yen ($32.6 million or Rs 226.2 crore). The company through TCS APAC, is acquiring 15 per cent stake from MC in TCS Japan for a total consideration of JPY 3.5 billion (about $32.6 million) and consequently, the holding of TCS APAC in TCS Japan will go up from the current 51 per cent to 66 per cent.

(Moneycontrol)