Overview
- TPG will invest $1 billion (about Rs 8,820 crore) for a 27.5%–49% stake in HyperVault, while TCS retains 51% control.
- Capital will be deployed in tranches as a mix of equity and debt, with the transaction subject to customary conditions and regulatory approvals.
- HyperVault will develop purpose-built, liquid-cooled, high-density infrastructure for hyperscalers, AI companies, enterprises and the public sector.
- Initial sites are being targeted in Navi Mumbai, Hyderabad and Chennai, with phased delivery over 5–7 years toward roughly 1 GW of capacity.
- TPG’s funding is routed through TPG Rise Climate and its Global South Initiative with ALTÉRRA, alongside its Asia real estate business, and the partners have agreed to a three-year lock-in.