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TCS-CMC (TCS' CMC acquisition to help it improve its government business).
(From India Business Insight)
Tata Consultancy Services (TCS) acquired 51 percent of the Government of India's 76 percent stake in CMC Ltd at Rs157 per share. It also made an open offer for 20 percent additional stake in the company at Rs281 per share, to a very poor response. TCS has a strong presence in the Indian information technology sector and its acquisition …
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