Tata Consultancy Services (TCS) has moved higher by 1.4% to Rs 1,775 after the company said it has completed the acquisition of French IT services firm ALTI SA.
“A privately-held company with revenues of € 126 million in 2012, Alti SA is regarded as one of the top 5 system integrators of SAP solutions in France. It includes several top French corporations in the banking, financial services, luxury, manufacturing and utilities sectors as its key customers,” TCS said in a press release.
In April 2013, TCS had acquired French technology services company Alti SA for over 75 million euro (approx Rs 530 crore) deal.
The stock opened at Rs 1,745 and touched a record high of Rs 1,787 on NSE. A combined 600,938 shares have changed hands on the counter till noon deals on NSE and BSE.
Meanwhile, the stock has outperformed the market by gaining nearly 7% post Q1 earnings on July 18, as compared to 1% fall in benchmark CNX Nifty.
“A privately-held company with revenues of € 126 million in 2012, Alti SA is regarded as one of the top 5 system integrators of SAP solutions in France. It includes several top French corporations in the banking, financial services, luxury, manufacturing and utilities sectors as its key customers,” TCS said in a press release.
In April 2013, TCS had acquired French technology services company Alti SA for over 75 million euro (approx Rs 530 crore) deal.
The stock opened at Rs 1,745 and touched a record high of Rs 1,787 on NSE. A combined 600,938 shares have changed hands on the counter till noon deals on NSE and BSE.
Meanwhile, the stock has outperformed the market by gaining nearly 7% post Q1 earnings on July 18, as compared to 1% fall in benchmark CNX Nifty.
