Shares of Tata Consultancy Services Ltd (TCS) slipped 1% after touching a day’s high of Rs 3,208.40 on 11th December, even as the firm on Wednesday (10th December) announced the acquisition of US-headquartered Coastal Cloud for USD 700 million, a move that significantly strengthens its global Salesforce and AI-led transformation capabilities.

The all-cash deal puts India’s largest IT services company among the top five Salesforce advisory and consulting firms globally, TCS said. It also strengthens the company’s push toward AI-first, agent-driven digital transformation across sectors.

TCS Chief Operating Officer Aarthi Subramanian said the acquisition is a major step toward expanding the company’s global Salesforce capabilities. It also accelerates its AI-led transformation plans. She added that the deal brings in over 400 multi-cloud experts with strong industry knowledge. This boosts TCS’s advisory, data, and AI services.

Coastal Cloud CEO Eric Berridge said joining TCS will help the combined teams better support clients’ evolving transformation needs. They will benefit from greater depth, speed, and scale.

The move comes after TCS’s earlier acquisition of ListEngage. This signals a more aggressive approach to expanding its Salesforce practice through inorganic growth.

At 11:20 AM, shares of TCS were trading 0.66% lower at Rs 3,168.30 on NSE.

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