Suzlon Merger

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Title: Suzlon Merger

Essay Details:

Subject: Business

Author: Nikki R

Date: November 17, 2013

Level: University

Grade: A

Length: 12 / 3519

Essay text:

On August 19, 2004, Tata Consultancy Services Limited offered 22,775,000 equity shares under the initial public offering which are listed on The Stock Exchange, Mumbai (BSE) and the National Stock Exchange of India (NSE). In connection with the Transfer, TCS Limited paid Rs.23,000 million to Tata Sons. The transfer of the TCS Division into Tata Consultancy Services Limited has been accounted for on a historical cost basis, as the transfer is a transaction between entities under common control of Tata Sons Limited. Accordingly, the results of the TCS Division have been consolidated with the results of TCS Limited for all periods presented, in a manner similar to pooling of interests...

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