UPDATE 1-Target says not in talks to sell India center - News

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UPDATE 1-Target says not in talks to sell India center

By: AFX | 04 Nov 2009 | 12:58 AM ET

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BANGALORE, Nov 4 (Reuters) - U.S. discount retailer Target Corp on Wednesday denied a media report that said it was in talks to sell its captive technology centre in Bangalore. The Economic Times had reported earlier that leading Indian outsourcers including Tata Consultancy and Wipro were looking at acquiring the unit. "Recent rumors about a sale are ridiculous speculation," Target Chief Executive Gregg Steinhafel said in a statement emailed to Reuters. Steinhafel said the Bangalore center, which has 2,100 employees, plays an important role in the company's long-term strategy. (Reporting by Ajay Kamalakaran in Bangalore; Editing by Lincoln Feast) Keywords: TARGET/INDIA (ajay.kamalakaran@reuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800 +1 646 897 1898; Reuters Messaging: ajay.kamalakaran.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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