Tata Consultancy Services is acquiring Darshita Southern India Happy Homes for ₹2,250 crore to expand its operational capabilities in the commercial property sector.
Target Information
Tata Consultancy Services (TCS) has announced its acquisition of Darshita Southern India Happy Homes Private Limited for ₹2,250 crore. This transaction involves the purchase of land and a building intended for use as a TCS delivery center. TCS has secured an option for future acquisition of 100% equity shares in Darshita Southern India after two years, making this deal an all-cash transaction.
Darshita Southern India Happy Homes was established in September 2004 and specializes in developing commercial properties to be leased to industrial clients. Currently, the project is still under development, and as such, the company has not generated any revenue over the past three years, as indicated in TCS's exchange filing.
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Industry Overview
The commercial real estate industry in India is witnessing significant growth, driven by increasing demand for office spaces and industrial projects. With the rise of
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Disclosed details
Transaction Size: $272M