Tata Consultancy Services (TCS), India’s largest IT services company, is set to acquire 100 per cent equity in Darshita Southern India Happy Homes for Rs 22.50 billion. The acquisition is aimed at securing the land and building assets of Darshita to support the expansion of TCS’s delivery centre.

Darshita Southern India Happy Homes was incorporated in September 2004 and focuses on developing commercial properties intended for lease to industrial consumers. As the property remains under development, it has not yet generated any revenue over the past three years. TCS has the option to acquire full ownership of the entity after two years.

Earlier, in January 2025, TCS completed the acquisition of two wholly owned subsidiaries of Tata Realty and Infrastructure (TRIL)—TRIL Bengaluru Real Estate Five and TRIL Bengaluru Real Estate Six—for Rs 16.25 billion. The deal was finalised towards the end of January, following the execution of a Share Purchase and Securities Purchase Agreement (SSPA) between TCS, TRIL, and the concerned entities.

Under the terms of the agreement, 65 per cent of the equity shares and optionally redeemable convertible debentures were transferred to TCS in the first tranche, establishing these entities as subsidiaries of the company. The acquisition aligns with TCS’s broader strategy of expanding its infrastructure to support its growing business operations.

News source: Business Standard