TCS acquires Coastal Cloud for $700 million Biggest purchase after public issue in 2004

Blitz Bureau NEW DELHI: Tata Consultancy Services (TCS) last week made its largest buyout since going public in 2004, agreeing to acquire technology consulting firm Coastal Cloud for $700 million in cash, reports Bloomberg. The buyout comes less than three months after India’s largest IT services firm stated it would invest $6.5 billion over six…