• Corporate
• Markets
• Info-Tech
• Marketing
• Money & Banking
• Agri-Biz & Commodities
• Industry & Economy
• Logistics
• Government
• Opinion
• Columns
• States
• Web Extras
• Index

• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

• Rates

• Ports

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Subscription

• Business Line

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

MUMBAI: Software major Tata Consultancy Services (TCS) announced on Wednesday that it has completed the acquisition of Citigroup Inc’s stake in Citigroup Global Services Ltd, a BPO company for a total cash consideration of $512 million.

In addition, Citi has signed an agreement with TCS for process outsourcing services to be provided to Citi and its affiliates for an aggregate amount of $2.5 billion over a period of nine-and-half years.

Prev: Govt moots bill for institute for valuers
Next: IT lays low in 2008, tough times in days ahead

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line