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Singapore's GIC, DigitalBridge, ADIA, Stonepeak, Permira, among others tapped for Carlyle's 24% in Nxtra

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.
United States Bharti Airtel Singapore Telecommunications Reliance Industries Nxtra Data Ltd Carlyle Group

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Singapore economists applaud 'impressive' Budget 2024

SINGAPORE: Budget 2024 is an impressive attempt by the government to gear up businesses and individuals for an economy that may gradually change beyond recognition because of developments such as artificial intelligence (AI), climate change and population ageing, say panellists at a discussion on Feb 17 organised by the Economic Society of Singapore (ESS).
National University Of Singapore Singapore General Tharman Shanmu Garatnam Laura Wu Walter Theseira Chia Ngee Choon

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