Shares of Tata Consultancy Services (TCS) Ltd. will be in focus on Friday, November 21, after the Tata Group giant signed an agreement with TPG Terabyte Bidco to invest up to ₹18,000 crore in HyperVault.

HyperVault, a wholly owned subsidiary of the company, will build AI-ready data centres with a capacity of over 1 GW.

TPG, one of the world's leading alternative asset managers, will invest up to ₹8,820 crore as part of the deal.

Under the structure, TCS and TPG will invest in a 51:49 ratio, with TPG expected to hold between 27.5% and 49% in HyperVault.

The investment will be infused through CCPS in multiple tranches over the next few years. Both sides will be subject to a three-year lock-in.

TCS will retain board control, while TPG will be allowed up to two board seats.

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