The deal between TCS and Transamerica Insurance was signed in January 2018, as per a release by the IT services company. The deal ensured that TCS earned at least $200 million in annual revenue.
TCS stock settled the day at at Rs 3,175.25, down 1.27 per cent. In the process, the market capitalisation of the largest IT firm fell Rs 15,002.11 crore to Rs 11,61,840 crore on Friday against Rs 11,76,842 crore a day ago.