Carlyle to acquire about 25 pc stake in Airtel's data centre business for about Rs 1,780 cr

The Carlyle Group will acquire about 25 per cent stake in Airtel's data centre business, Nxtra Data, for USD 235 million (about Rs 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 Rs 9,084 crore. On completion of the deal, Carlyle will hold about 25 per cent stake in the business with Airtel continuing to hold the remaining stake of about 75 per cent.

from IndiaTV Business: Google News Feed https://ift.tt/3gfafMy