TCS to Acquire Darshita Southern India Homes for Rs 22.50 Bn

13 Mar 2025 CW Team

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

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..