MUMBAI, April 21 India's largest IT services
exporter Tata Consultancy Services Ltd has signed a
pact with Japan's Mitsubishi Corp to create a Japanese
software services provider, the companies said in a statement on
Tata Consultancy Services Japan Ltd, Nippon TCS Solution
Center Ltd and IT Frontier Corporation - a wholly owned unit of
Mitsubishi - will be merged together to form a single entity,
the pair said in the statement.
TCS will hold 51 percent while Mitsubishi will hold the
remaining 49 percent of the entity, which will be operational
from July 2014, they said.
(Reporting by Nandita Bose; Editing by Christopher Cushing)