Tata Consultancy Services to buy GE s stake In Tata Consultancy Services Saudi Arabia
In 2013, TCS in partnership with GE created the first of its kind All-Women Business Process Services Center in Riyadh (Saudi Arabia).
(Aniruddha Chowdhury/Mint)Premium
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The country s largest software services firm Tata Consultancy Services(TCS) today said that it has entered into an agreement with GE for the transfer of the latter s stake in joint venture.
In a regulator filing TCS said, On completion of required governance and business changes to effect this transition, TCS will assume full responsibility of the Women’s Center, securing its viability in the longer term and allowing it to continue to serve as a source of opportunity and skills development for women in the country . Given GE’s planned exit from this partnership, the partners have entered into a definitive agreement subject to closing conditions for transfer of GE’s stake in the venture to TCS