IT major TCS on Thursday said that it has completed the acquisition of GE s stake in Tata Consultancy Services (TCS) Saudi Arabia.In a regulatory filing, the company said that the acquisition was completed on May 26.TCS had announced to acquire .
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Please wait. On completion of required governance and business changes to effect this transition, TCS will assume full responsibility of the centre, it added. This will secure the centre s viability in the longer term and allow it to continue to serve as a source of opportunity and skills development for women in the country, the statement said. Saudi Desert Rose Holding BV (a wholly owned subsidiary of General Electric International (Benelux) BV) holds 24 per cent share in TCS Saudi Arabia, while the balance 76 per cent is held by Tata Consultancy Services Netherlands BV (a wholly-owned subsidiary of TCS).