TCS to buy Porsche’s IT company: 100% stake deal for ₹3,573 crore; AI mobility center will be built in India
Tata Consultancy Services (TCS) on August 24 announced the purchase of ‘MHP Management-und IT-Beratung GmbH’, the IT consulting subsidiary of German car maker Porsche. TCS is making this acquisition at an enterprise value of 320 million euros i.e. approximately Rs 3,573 crore. Through this deal, TCS will acquire 100% shares of this IT consulting company…