The Carlyle Group will acquire about 25% stake in Airtel’s data centre business, Nxtra Data, for USD 235 million (about ₹1,780 crore), the company said in a statement on Wednesday.
This will peg the enterprise valuation of Nxtra at USD 1.2 billion which is over ₹9,084 crore.
On completion of the deal, Carlyle will hold about 25%in the business with Airtel continuing to hold the remaining stake of about 75 per cent.
“Bharti Airtel and Comfort Investments II, an affiliated entity of ...
Read the full text thehindu