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Microsoft buys 10 p.c. stake in TCS China

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CIOL Bureau
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MUMBAI: World’s largest software maker, Microsoft Corporation today picked up 10 per cent stake in a joint venture, of which Tata Consultancy Services’ (TCS) holds 65 per cent in its China venture.

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Unconfirmed reports said Microsoft had spent about $1.4 million for acquiring 10 per cent stake.

With this, TCS currently holds 65 per cent stake in its China entity, while Software Parks in China and Uniware Co. Ltd together hold 25 per cent.

The China venture announced in June 2005 has a total investment of $14 million.

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TCS set up its operations in China in 2002 and has more than 25 clients there. Its Chinese operations will be merged with the new venture, which will have its headquarters in Beijing.

TCS China expects to raise its headcount to 5,000 over the next five years, up from 600 now.

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