TCS

to Acquire Porsche Arm MHP for ₹3,575 Crore

**

:** Will acquire Porsche subsidiary **MHP Management** for **€320 million (~₹3,575 crore)** as part of a strategic partnership. MHP is a consulting and technology company focused on the automotive and mobility sector. The deal is expected to strengthen TCS's capabilities in automotive transformation, digital engineering and technology services. **Stock Commentary:** **Positive;** the acquisition strengthens TCS's automotive and mobility technology capabilities and can deepen relationships with global automotive clients. Near-term financial impact may be limited, but the deal supports long-term growth and sector diversification. ** !IIFL :** Received a **₹23.78 crore tax demand**, while its subsidiary **IIFL Home Finance** received a much larger **₹963.39 crore tax demand** from the Income Tax Authority. **Stock Commentary:** **Negative;** the tax demands create a regulatory and financial overhang, particularly for IIFL Home Finance. The ultimate impact will depend on the company's response, appeals and final tax liability.