Mumbai, Nov 20 (PTI) The country's largest IT services company TCS on Thursday announced a tie-up with private equity major TPG for its upcoming data centre business, in which both the partners aim to invest Rs 18,000 crore.

TPG will invest USD 1 billion or around Rs 8,870 crore in the AI data centre business christened as 'Hypervault', and hold a stake between 27.5-49 per cent in the venture.

"Bringing in TPG as a strategic investment partner will help TCS drive stronger returns to its shareholders, reduce its capital outlay, and create long-term value for the data centre platform," a statement said.

TCS had last month announced its entry into the data centre play, and plans to invest up to USD 6.5 billion to create over 1GW of capacity.

"I am delighted to have TPG join us in our jour

See Full Page