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TCS & TPG tie up for ₹18,000-cr AI data centre push
Financial Express Mumbai
|November 21, 2025
PE FIRM TO HOLD 27.5-49% HYPERVAULT STAKE
TATA CONSULTANCY SERVICES (TCS) announced on Thursday that it has entered into a strategic partnership with global alternative asset manager TPG to scale up its newly formed AI data centre unit, HyperVault. The companies will jointly invest up to ₹18,000 crore over the next few years, making this one of the largest capital commitments in the country's data infrastructure space.
According to a TCS statement, the capital will be infused into HyperVault through a blend of equity, compulsorily convertible preference shares and additional debt. Of the total commitment, TPG will invest up to ₹8,820 crore, with TCS contributing the balance to maintain a 51:49 capital participation structure. The investment will be executed in tranches and remains subject to conditions precedent and statutory approvals. Based on the final investment sequence, TPG is expected to own anything between 27.5% and 49% in HyperVault.
This story is from the November 21, 2025 edition of Financial Express Mumbai.
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