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Tata Consultancy Services on October 30 announced incorporation of HyperVault Data Center as a wholly-owned subsidiary.

"HyperVault has been incorporated to establish multiple AI and Sovereign Data Centers for providing Infrastructure and Technology enabled Services," said TCS in a stock exchange filing.

TCS will subscribe to 75 lakh shares of Rs 10 each amounting to Rs 7.5 crore as initial capital.

On October 30, TCS shares on NSE closed 0.7% lower at Rs 3,035.5 apiece.

Earlier this month, announced a massive plan to enter the data centre space with an aim to build up to 1 GW of capacity, which will entail over $6.5 billion in investments.

The Tata gr

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