Bharti Airtel, Carlyle Group, Alpha Wave Global and Anchorage Capital are set to invest $1 billion into Airtel’s data centre arm, Nxtra Data Limited.
Cyril Amarchand Mangaldas is advising the Bharti Group on this investment.
The transaction team is led by Ravindra Bandhakavi (Senior Partner), Anandita Kaushik (Partner).
Dhruv Rajain (Partner) advised on the competition law aspect.
Trilegal is advising the Carlyle Group on this investment.
The transaction team is led by Abhishek Guha (Partner), Tanya Uppal (Partner).
The competition law aspect is dealt by Gauri Chabbra (Partner).
Shardul Amarchand Mangaldas & Co is advising Alpha Wave Global on this investment.
The transaction team is led by Raghubir Menon (Partner, Regional Practice Head - M&A and Private Equity), Taranjeet Singh (Partner).
On the competition law aspect, Rohan Arora (Partner) advised on the deal.
Incoming investor Alpha Wave Global is the lead investor, investing $435 million in Nxtra. Controlling stakeholder Bharti Airtel is investing $290 million, while existing investor Carlyle is investing $240 million. Bringing in the rear, Anchorage Capital is investing $35 million in Nxtra.
Nxtra specializes in designing, building, and operating a large network of smart, resilient, and sustainable data centers across more than 120 locations in India. They offer secure, scalable, and enterprise-grade data center services including colocation, interconnect, migration, and support services.
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