Nxtra Data Ltd News Today

Bharti Airtel: The Carlyle Group, among the world’s largest investment firms, is looking to sell the stake for Rs 7,000-7,500 crore, valuing Airtel’s data centre unit at Rs 24,000-29,000 crore ($3-3.5 billion, inclusive of debt), the people cited said.

The Carlyle Group, among the worlds largest investment firms, is looking to sell the stake for Rs 7,000-7,500 crore, valuing Airtels data centre unit at Rs 24,000-29,000 crore ($3-3.5 billion, inclusive of debt), the people cited said. Bharti Airtel owns 75.96% of Nxtra Data, a leading player in Indias data centre industry. Airtel has first right of refusal on the stake but is reckoned to have waived it, said the people cited.

Carlyle acquired a 24% stake in Nxtra Data, India’s largest data centre operator, for around Rs1,780 crore ($235 million) in 2020

Private equity firm Carlyle is looking to divest its entire 24% stake in Nxtra Data Ltd, the data centre unit of Bharti Airtel Ltd, a ......

India’s data center market is projected to double in the next two-and-a-half years from the existing 637 MW capacity to 1318 MW, as per the latest JLL report.

Stock Market News Live: Sensex and Nifty started on a higher note in Wednesday's trade, tracking a rise in Wall Street and mixed Asian equities. Although, the gains in the domestic indices were limited as investors keenly awaited US Federal Reserve's November policy meeting minutes for cues on future interest rate hikes. PNB, UCO Bank, Voda Idea, IRFC, Ease My Trip, Inox Green, Zomato, RVNL, GTL Infra and South Bank of India were among the most active stocks on NSE in terms of volume.

Get latest articles and stories on Latest News at LatestLY. Bharti Airtel subsidiary Nxtra Data Ltd Tuesday said the company will invest Rs 600 crore in the development of its largest data center in east India. Latest News | Airtels Arm Infusing Rs 600 Cr to Build East Indias Largest Data Center in City.

Stocks in news: Infibeam Avenues, Dish TV India, SBI Cards, Tata Motors, Tech Mahindra, Bharti Airtel, RBL Bank and more

On Friday, Airtel had said that its data centre subsidiary Nxtra Data Ltd has entered into an agreement to acquire 11.33 per cent stake in Avaada KNShorapur for Rs 2.80 crore.

Nxtra Data has acquired the stake for a cash consideration of Rs 2.80 crore "for acquisition of aggregate 28,07,350 equity shares of Rs 10 each," Airtel said in a regulatory filing on Friday.