Tata Consultancy Services Completes Acquisition of Coastal Cloud Holdings, LLC

Tata Consultancy Services Limited (TCS) has completed the acquisition of 100% equity interest in Coastal Cloud Holdings, LLC (Coastal Cloud) along with its subsidiaries. The acquisition was structured as a merger of Trident LE, LLC into Coastal Cloud, with Coastal Cloud continuing as the surviving company, and the acquisition of the remaining 14% equity interest in Coastal Cloud by TCS North America Corporation through acquisition of 100% of the equity interest in SCP V-B Blocker III LLC. The transaction does not fall within related party transactions and the promoter/promoter group/group companies do not have any interest in SCP Blocker. Three subsidiaries of Coastal Cloud in the USA and one in Canada will become indirect subsidiaries of the Company.