- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Ratan Tata's Rs 1267000 crore firm to acquire THIS company for Rs 2250 crore, its business is...
The deal involves the acquisition of land and building held by the company to serve as a delivery centre for TCS
Updated : Mar 12, 2025, 04:57 PM IST
 "Ratan Tata's Rs 1267000 crore firm to acquire THIS company for Rs 2250 crore, its business is...")
TRENDING NOW
)
HC imposes Rs 25000 fine on Anil Ambani for seeking...; asks him to pay amount to...
)
Shruthi Narayanan lashes out at netizens for 'spreading' her leaked MMS, warns legal action: 'Go and enjoy your mother, sister videos'
)
Salman Khan reacts after Bollywood remains silent on Sikandar, says 'I need support': 'They think I don't...'
)
Casting couch scandals resurface: Tamil actress Shruthi Narayanan's viral video sparks fresh debate in film industry
)
This country holds largest gold reserve in world, boasts over 8000 tonnes, not Germany, China, Russia, it is...
)
Govt loses Rs 17570000000 as BSNL fails to bill Mukesh Ambani's Reliance Jio for...
)
Forget Aabha Paul, check out 5 hot pics, videos of Kangana Sharma
)
Sania Mirza opens up about celebrating Eid-ul-Fitr with son Izhaan after divorce from Shoaib Malik: 'Eid is day we truly...'
)
Indian-Canadian couple's dream wedding in Bengaluru turns tragic as colour bomb explodes on bride's back, watch viral video
)
CSK vs DC IPL 2025 Dream11 prediction: Fantasy cricket tips, probable playing XIs, team news, injury updates for Chennai Super Kings vs Delhi Capitals
)
After leaked casting couch video, Shruthi Narayanan's old statement about social media goes viral: 'You can't share everything, it might...'
)
Who is Rishi Parti, man who bought most expensive penthouse at Gurugram's DLF Camellias for Rs 190 crore, built company at 24, his business is...
)
Meet Chandrakumari Raghuram Shetty, wife of BR Shetty, Dubai billionaire who had to sell his company for just Rs 74
)
Panchayat Season 4 release date: Jitendra Kumar aka Abhishek Tripathi is back as Sachiv ji; Prime Video's hit show to release on...
)
BAD news for central government employees, pensioners as 8th Pay Commission implementation may get delayed till...
TCS news: Tata Group's IT major TCS has acquired several other companies since its inception. Now, the IT major is set to acquire another firm called Darshita Southern India Happy Homes Pvt Ltd. This comes days after the Tata Group company again became the second most valued firm in India. Currently, the market cap of TCS is Rs 12.93 lakh crore, as of March 11.
The Tata Consultancy Services (TCS) has announced the acquisition of 100 per cent equity shares in the company 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. “Since the property is still under development, revenue generation is yet to commence; hence, the last 3 years turnover is nil," TCS said in an exchange filing.
Darshita Southern India Happy Homes
The company was incorporated in September 2004. It is engaged in the development of a commercial property which would be let on lease to industrial consumers. Moreover, TCS' market valuation climbed by Rs 46,094.44 crore to Rs 13,06,599.95 crore last week. Shares of TCS settled 0.37 per cent lower at Rs 3,574.90 on the BSE on Tuesday.
TCS Q3 net profit
In December quarter 2024, TCS’ net profit rose 4.1 per cent sequentially to Rs 12,444 crore. The IT major's revenue from operations declined 0.4 per cent over the previous three months to Rs 63,973 crore in the third quarter. TCS’ last acquisition was in 2020, when it acquired the staff and select assets of Pramerica Systems Ireland Ltd. (Pramerica), Prudential Financial, Inc. (PFI) subsidiary based in Letterkenny, Ireland.
