Friday, 24 March, 2023

GE’s stake in TCS Saudi Arabia has been acquired by TCS

<p>TCS, on Thursday, announced the completion of the acquisition of GE&rsquo;s stake in TCS Saudi Arabia. In Jan, TCS said that it will buy GE&rsquo;s stake in TCS Saudi Arabia valued at $12,471 and the process would take 3-6 months. In partnership with GE, TCS in 2013 announced the formation of an all-women business service center in Saudi. Saudi Desert Rose BV, a wholly-owned subsidiary of GE International, held a 26% stake in TCS SA, while the rest was held by TCS Netherlands.</p>