Tata Consultancy Services Limited has informed the Exchange about General Updates
TCS · price
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TCS has completed the previously announced transaction under which TPG Terabyte Bidco Pte. Ltd. has subscribed to shares of HyperVault AI Data Center Limited for an aggregate consideration of about INR 199.36 crores. Following the allotment on March 9, 2026, TPG Terabyte holds 49% of HyperVault's paid-up share capital on a fully diluted basis, and HyperVault has ceased to be a wholly owned subsidiary of TCS. TPG Terabyte is a Singapore-based affiliate of TPG, a global alternative asset manager with about USD 303 billion in assets under management. HyperVault was incorporated only on October 29, 2025, had nil turnover, and a net worth of INR 208.38 crores as of December 31, 2025, which is just 0.18% of TCS's consolidated net worth. The transaction is not a related-party deal and TCS did not directly receive any consideration.
TCS retains a 51% controlling stake in HyperVault while bringing in a marquee global private equity partner, validating the AI data center business. Given HyperVault's very small size relative to TCS, the financial impact on consolidated numbers is negligible in the near term, though it sets the stage for a larger capital-intensive build-out of the venture.