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Reuters wins on Citigroup raising $505 mln by sale of India back-office business 10.08.2008 Reuters was 34 minutes ahead of Bloomberg and beat other rivals with news on Oct 8 that Citigroup was raising $505 million in cash by selling its India back office operation to IT consulting firm Tata Consulting Services (TCS). As a result, Reuters clients knew details of the Citi/TCS deal two and a half hours before it was officially announced. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

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Companies, sectors, M&A and the financial industry

Reuters wins on Citigroup raising $505 mln by sale of India back-office business

10.08.2008

Reuters was 34 minutes ahead of Bloomberg and beat other rivals with news on Oct 8 that Citigroup was raising $505 million in cash by selling its India back office operation to IT consulting firm Tata Consulting Services (TCS). As a result, Reuters clients knew details of the Citi/TCS deal two and a half hours before it was officially announced.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here