Mumbai : The country's largest IT services company TCS has announced a tie-up with private equity major TPG for its upcoming data centre business, in which both the partners aim to pump in equity of around Rs 18,000 crore.TPG will be the only equity partner in the venture, and invest USD 1 billion or around Rs 8,820 crore in the AI data centre business christened as 'Hypervault'. It will hold a stake between 27.5-49 per cent in the venture.

TCS secures $1 billion investment from TPG to accelerate AI data centre business

TCS has announced a strategy partnership with TPG to support the growth of its AI data centre business, Hypervault.

This aligns with TCS' plan to create AI-ready data centres with capacity in… pic.twitter.com/B9cwJZTnN6 — Smart Sync Investment Advisory Services (@Smar

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