Wednesday, July 1, 2020
The Carlyle Group today(1st July 2020) announced that it will invest $235 million for approximately 25 percent 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% in the business upon completion of the transaction, with Airtel continuing to hold the remaining stake of approximately 75%, Bharti Airtel said in a statement.
The transaction is subject to the necessary regulatory approvals, including approval from the Competition Commission of India.
