April 9, 2013 / 7:07 AM / 4 years ago

India's TCS shares extend gain on purchase of French IT provider Alti

MUMBAI, April 9 (Reuters) - Shares in Tata Consultancy
Services rose as much as 2.2 percent on Tuesday after the
company announced it will buy privately-held Alti SA of France
for 75 million euros ($98 million).
    The acquisition signals Indian software service exporters'
interest in diversifying its revenue base, and the acquisition
could potentially help increase profits at TCS, analysts said. 
 
    TCS shares were up 2.1 percent as of 0702 GMT. 

 (Reporting by Manoj Dharra; Editing by Rafael Nam)

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