Tuesday, 31 March 2015

TCS clarifies reports on buyouts

Tata Consultancy Services Ltd clarified that TCS is a global company and the among the largest in terms of market capitalization. 

TCS1
The Exchange had sought clarification from Tata Consultancy Services Ltd with respect to news flash on ET Now on March 30, 2015 titled "Tata Consultancy Services show interest in buying Sierra Cedar that operates in US, Canada & India. HCL & Tech Mahindra also looking for buyouts"

Tata Consultancy Services Ltd clarified that TCS is a global company and the among the largest in terms of market capitalization. There is lot of interest in the Company from the media and analyst community, which tracks and reports on the M&A deals in the IT sphere.

We do not have any specific comment to offer with regard to the above news item.

We would like to affirm our commitment to fair disclosure."

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