The country’s largest 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 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.

The deal

comes within 40 days of the Tata Group company announcing its entry into the data centres business with a plan to have a 1 GW capacity, which would require investments of USD 6.5 billion (around Rs 57,600 crore).

The company is looking to house the data centres in Navi Mumbai, Hyderabad and Chennai, and aiming to construct the capacity in up to five years, off

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