TCS to acquire US Salesforce firm Coastal Cloud for 700 million dollars

Listed-company acquisitionStrategic Transactions View source PDF Explain this filing

TCS · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹3185.00

prior close

₹3205.00

announcement price

After-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.5%-0.3% vs market

Computers - Software & Consulting peers, median of 64sector+1.0%-0.7% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty 100 and 0.7 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty 100Sector · Computers - Software & Consulting peers, median of 64Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

TCS board approved acquiring 100 percent of Coastal Cloud Holdings, a US-based Salesforce Summit partner, for up to 700 million dollars in all-cash deal through its US subsidiary ListEngage. Coastal Cloud posted 132 million dollars revenue in FY24 and 141 million dollars LTM Sep 2025, with 400 plus certified professionals. Deal expected to close by Jan 31, 2026, subject to US antitrust approval. Makes TCS a top 5 global Salesforce advisory firm, following its October 2025 ListEngage acquisition.

Likely market impact

Strengthens TCS Salesforce and AI capabilities, adds mid-market US clients; cash-funded, minor hit on large balance sheet, supports growth narrative.