TCS arm completes acquisition of Postbank Systems from Deutsche Bank

Tata Consultancy Services Limited had earlier announced the acquisition of 100% shares of Postbank Systems AG from Deutsche Bank AG through its subsidiary Tata Consultancy Services Netherlands B.V. The acquisition was to be completed by year end 2020 subject to customary regulatory and governmental approvals.

The aforesaid acquisition of Postbank Systems AG has been completed today.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2870.2 as compared to the previous close of Rs. 2908.85. The total number of shares traded during the day was 834286 in over 9935 trades.

The stock hit an intraday high of Rs. 2906.05 and intraday low of 2845. The net turnover during the day was Rs. 2402443846.

Source : Equity Bulls

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