TATA CONSULTANCY SERVICES LTD. Announces Acquisition of TRIL Bengaluru Real Estate Five Limited and TRIL Bengaluru Real Estate Six Limited for INR 1,625 Crore

TATA CONSULTANCY SERVICES LTD. has announced its decision to acquire TRIL Bengaluru Real Estate Five Limited and TRIL Bengaluru Real Estate Six Limited, both wholly owned subsidiaries of Tata Realty and Infrastructure Limited (TRIL). TRIL is a related party of the company. The total cost of the acquisition is INR 1,625 crore. The entities are engaged in the business of developing real estate and infrastructure facilities in India. The acquisition is expected to be completed within a year from the time of entering into a binding Term Sheet.