Tata Consultancy Services (TCS), a global leader in IT services, has recently announced the acquisition of Darshita Southern India Happy Homes Private Limited in a strategic move to expand its delivery center operations. The acquisition, valued at INR 2,250 crore, is a significant investment aimed at strengthening TCS’s real estate infrastructure to support its growing business needs.
Darshita Southern India Happy Homes, incorporated in September 2004, is engaged in the development of commercial real estate. The entity owns land and a building, which will now be repurposed to serve as a TCS delivery center. While the company has yet to generate revenue, its prime real estate location makes it a valuable asset for TCS’s future expansion.
The deal, structured as a 100% equity acquisition, will be completed through a cash consideration with a call option to finalize the transaction in two years. This move aligns with TCS’s long-term vision of enhancing its operational capacity by investing in high-potential commercial properties.
In the meantime, Tata Consultancy Services (TCS) shares closed today at ₹3,585.00, marking a slight rise from the opening price of ₹3,558.00. The stock reached a high of ₹3,588.75 and a low of ₹3,537.65 during the trading session. Over the past 52 weeks, TCS has seen a high of ₹4,592.25 and a low of ₹3,457.00.
