T
ata Consultancy Services (TCS) has acquired 100% equity shares of Darshita Southern India Happy Homes, a commercial real estate company, for Rs 2,250 crore. The acquisition is an all-cash deal and will see TCS acquire the land and building to turn it into a delivery centre. According to an exchange filing, the planned delivery centre will be located in Bengaluru.

    The acquisition is expected to be completed within two years through a special purpose vehicle (SPV). Darshita Southern India Happy Homes was incorporated in September 2004 and has yet to generate revenue due to its property still being under development.

    This deal comes on the heels of TCS' partnership with Vantage Towers, Europe's second-largest telecom tower operator. As part of this deal, TCS will launch a digital service platform to streamline processes for property owners who lease their land for telecom tower installations across eight European markets.