Tata Consultancy Services (TCS) and private equity group TPG will invest up to ₹18,000 crore in a data centre venture, HyperVault, according to a statement on Thursday.

TCS and TPG Terabyte will invest in the proportion of 51:49 in the venture. Of the total commitment, which will be over the next few years, TPG Terabyte will invest up to ₹8,820 crore and is envisaged to hold a final shareholding of 27.5-49 per cent in HyperVault. The funding will be through a mix of equity and debt.

TPG will help TCS deliver stronger returns to its shareholders, reduce capital outlay, and create long-term value for the data centre platform, the IT giant said in a press release.

N. Chandrasekaran, Chairman, TCS, said, “I am delighted to have TPG join us in our journey to build large GW-scale AI data cent

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