Business »  Topic »  Carlyle Group to buy 25% stake in Airtel's Data Centre business for about Rs 1,780 crore

Carlyle Group to buy 25% stake in Airtel's Data Centre business for about Rs 1,780 crore


New Delhi: US-based global investment firm Carlyle Group will pump in $235 million (about Rs 1,780 crore) for about 25 per cent stake in Nxtra Data Ltd, a wholly-owned subsidiary of Bharti Airtel engaged in the data centre business.

"The post-money enterprise valuation of Nxtra is approximately $1.2 billion and Carlyle will hold a stake of approximately 25 per cent in the business upon completion of the transaction, with Airtel continuing to hold the remaining stake of approximately 75 per cent," Bharti Airtel said in a statement.

The transaction is subject to the necessary regulatory approvals, including approval ...


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