For Rs 2,250 crore, TCS would purchase a 100% share in Darshita Southern India Happy Homes.

In an exchange filing on March 11, TCS said that it would pay Rs 2,250 crore to acquire all of the equity shares of Darshita Southern India Happy Homes.

According to the stock filing, the Tata group company would also buy the building and land of the commercial real estate company, converting it into a distribution center for the software behemoth.

Founded in September 2004, Darshita Southern India Happy Homes is developing commercial real estate that would be leased to potential industrial clients. "Since the property is still under development, revenue generation is yet to commence, hence last 3 years turnover is Nil," the statement read.