The logo of Tata Consultancy Services (TCS).
Credit: Reuters Photo
New Delhi: IT major Tata Consultancy Services (TCS) on Tuesday announced the acquisition of 100 per cent equity shares in Darshita Southern India Happy Homes Pvt Ltd 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, according to a regulatory filing.
The filing said 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.
Shares of TCS settled 0.37 per cent lower at Rs 3,574.90 on the BSE on Tuesday.