PHOTO
A shareholder arrives for the Tata Consultancy Services (TCS) annual general meeting in Mumbai June 28, 2013. REUTERS/Vivek Prakash
BENGALURU - India's top IT services provider Tata Consultancy Services said on Wednesday that it has expanded its partnership with UK's workplace pension scheme, National Employment Trust (Nest), in a contract worth 840 million pounds ($1.07 billion) for an initial tenure of 10 years.
The maximum estimated value of the contract, if extended to the entirety of its eighteen-year tenure, would be 1.5 billion pounds, TCS said in a statement.
($1 = 0.7844 pounds)
(Reporting by Sethuraman NR in Bengaluru; Editing by Shailesh Kuber)