* TCS has entered into a Securities Subscription Agreement and Shareholders’ Agreement with TPG Terabyte Bidco Pte. Ltd. and HyperVault AI Data Center Limited for an investment in HyperVault. * TCS and TPG will collectively invest up to ₹18,000 crore in HyperVault over the next few years, with TPG investing up to ₹8,820 crore and expected to have a final shareholding between 27.5% and 49%. * HyperVault aims to establish AI data centers with a capacity exceeding 1 GW. * The investment will be infused through equity share capital and multiple tranches of compulsorily convertible preference shares. * TPG's investment is facilitated through TPG Rise Climate and its Global South Initiative, partnering through its Asia Real Estate business. * Lock-in period of 3 years during which TPG Terabyte and the Company shall not transfer any securities, whether directly or indirectly, except to affiliates. * HyperVault will issue equity shares and compulsorily convertible preference shares to the Company and TPG Terabyte for an aggregate amount of upto ₹18,000 crore.
