Tata Consultancy Services Limited — JV/Acquisition, 09-01-2025: Acquisition

Tata Consultancy Services (TCS) has approved the acquisition of 100% equity shares in TRIL Bengaluru Real Estate Five Limited and TRIL Bengaluru Real Estate Six Limited for INR 1,625 crore. The acquisition aims to strengthen TCS's real estate portfolio by acquiring land for building delivery centers, enhancing operational capabilities in the commercial real estate sector. The purchase, conducted at arm's length, is expected to provide long-term strategic benefits as TCS expands its infrastructure to support business growth. The transaction is expected to be finalized within a year of entering the binding Term Sheet.