TCS : INDIA STEP-DOWN SUBSIDIARY ACQUIRES 100% PARTNERSHIP INTEREST IN BBY SERVICES INDIA LLP

• TCS signed an agreement for the proposed transfer of 100% partnership interest in BBY Services India LLP, a limited liability partnership firm. • The completion of the acquisition is subject to fulfillment of conditions precedent as specified in the agreement. • The Investment Committee approved the acquisition, meeting held today commenced at 3:35 p.m. and concluded at 4:05 p.m. • The target entity, BBY Services India LLP, has an employee base of ~450 employees engaged in Engineering, Data & Analytics and AI capabilities. • The acquisition is aimed at establishing an AI Native Capability Center and enhancing AI-led transformation capabilities. • The cost of acquisition is INR 1 Lakh.

Tata Consultancy Services Limited

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