Investment9 Mar 2026, 08:05 pm
Tata Consultancy Services Ltd: TPG Terabyte Subscribes to Shares of HyperVault, Ceases to be Wholly Owned Subsidiary
AI Summary
Tata Consultancy Services Ltd (TCS) has informed the exchanges about TPG Terabyte subscribing to shares of HyperVault, resulting in HyperVault ceasing to be a wholly owned subsidiary of TCS. The transaction was completed on March 9, 2026, with TPG Terabyte investing INR 1,99,36,27,500 for a 49% stake in HyperVault on a fully diluted basis.
Key Highlights
- TPG Terabyte has subscribed to shares of HyperVault, a company incorporated on October 29, 2025.
- HyperVault has ceased to be a wholly owned subsidiary of TCS as of March 9, 2026.
- TPG Terabyte has invested INR 1,99,36,27,500 for a 49% stake in HyperVault on a fully diluted basis.
- TCS has not directly received any consideration from the transaction.
- TPG Terabyte is an affiliate of TPG, a leading global alternative asset management firm with $303 billion of assets under management.