TCS stock trades up after clarification about acquisition

Tata Consultancy Services, (TCS) a leading global IT services, consulting & business Solutions major, has clarified in the exchange filing on Sunday that the company has not acquired any share-holding or control in Bridge Point. It has purchased select company assets such as intellectual property & movable assets.  The business deal consideration is in cash, which was completed on 27-Nov, 2018.

TCS shares, reacted positively with this announcement. The stock rose an intraday high upto 1.5 percent, after the Technology behemoth clarified on the acquisition of select assets of Bridge point Group. 

TCS is currently trading at Rs 1,894.40 up by Rs 20.45 or 1.09 percent  from its previous closing of Rs 1873.95 on the BSE, while on the NSE, the share price quoted at same price level, but up 0.92 percent from its previous closing of 1,876.85 during 2.45 pm, Monday.

Meantime, BSE benchmark Sensex trade higher at 3588.36 up by 193 points and NSE Nifty trade higher by 56 points at 10783-levels.

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