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TCS buys Citigroup Global for $505 mn

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Uploaded by on Oct 10, 2008

Tata Consultancy Services, a leading IT services, business solutions and outsourcing firm and Citigroup Inc, a leading global financial services company has announced that they have reached an agreement for TCS to acquire all of Citi's interest in Citigroup Global Services, the India-based captive business processing outsourcing arm of Citi for all cash consideration of approximately $505 million, subject to closing adjustments.

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