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Tata Consultancy Services (TCS) has brought in global investment firm TPG as a major investor in HyperVault – the IT giant’s newly formed AI data centre subsidiary
TCS and TPG Terabyte Bidco plan to invest up to INR 18,000 Cr (about $2 Bn) in a mix of equity and debt over the next few years to build the data centres
TCS will retain a 51% stake in HyperVault, while TPG is expected to eventually own between 27.5% and 49% depending on the investment tranches
As part of…
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Tata Consultancy Services (TCS) has brought in global investment firm TPG as a major investor in HyperVault – the IT giant’s newly formed AI data centre subsidiary
TCS and TPG Terabyte Bidco plan to invest up to INR 18,000 Cr (about $2 Bn) in a mix of equity and debt over the next few years to build the data centres
TCS will retain a 51% stake in HyperVault, while TPG is expected to eventually own between 27.5% and 49% depending on the investment tranches
As part of…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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