The shareholders of CMC will meet here on March 5 to consider and approve the company's Scheme of Amalgamation with Tata Consultancy Services (TCS).
The meeting has been convened in line with the directions of the High Court of Andhra Pradesh and Telangana to complete the amalgamation process.
Post-amalgamation, the assets and liabilities of CMC would be transferred to TCS. "It will help the two firms evolve joint go-to market strategies," CMC said in a notice to the Bombay Stock Exchange.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.