Out of the total commitment of up to Rs 18,000 crore, TPG will invest up to Rs 8,820 crore or $1 billion. (Photo source: TCS) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Tata Consultancy Services Ltd. on Thursday announced a partnership with American private equity firm TPG for its artificial intelligence data centre business, HyperVault.

HyperVault will be funded through a mix of equity from TCS and TPG, and debt. The two companies will commit to invest up to Rs 18,000 crore over the next few years.

Out of the total commitment of up to Rs 18,000 crore, TPG will invest up to Rs 8,820 crore or $1 billion.

TPG Terabyte will invest in the proportion of 51:49 respectively of their commitment via compulsorily convertible preference shares and TPG Terabyte is envisaged to

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