Tata Consultancy Services Ltd Acquires Darshita Southern India Happy Homes Private Limited for INR 2,250 Crore

Tata Consultancy Services Ltd (TCS) has announced the acquisition of Darshita Southern India Happy Homes Private Limited, a commercial real estate company. The acquisition is for INR 2,250 crore in cash for 100% equity shares. The entity is engaged in the development of a commercial property for prospective industrial consumers. The property is still under development and is yet to commence revenue generation. The acquisition is not a related party transaction and does not involve promoter/promoter group/group companies' interest. The acquisition is expected to be completed in two years after the call option to acquire 100% equity shares in the entity.