RIL has signed an agreement with both the companies to become an equal partner in their joint venture by acquiring a 33.33% stake in their Indian SPVs
The JV is currently developing data centres in Chennai and Mumbai, with its first 20 MW greenfield data centre expected to be completed by the end of 2023
A number of companies frome the Adani Group to the Hiranandani Group are setting up data centres in India as their demand is expected to continue to grow in the country
Reliance Industries Ltd (RIL) has partnered with Brookfield Infrastructure and Digital Realty to set up data centres in India.
Brookfield and Digital Realty have set up special purpose vehicles (SPVs) in India for setting up data centres. RIL has signed an agreement with both the companies to become an equal partner in their joint venture (JV) by acquiring a 33.33% stake in their Indian SPVs, a statement said.
As per an exchange filing, RIL will invest an aggregate amount of…