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 was led by Ravindra Bandhakavi (Senior Partner), Amarta Roy (Partner) and Anandita Kaushik (Partner), with assistance from Radhika Shukla (Senior Associate), Sudarshan Srikanth (Senior Associate), Associates Aeruva Akash and Rhea Prasad.
The analysis on competition law aspects was led by Dhruv Rajain (Partner), with assistance from Anshul Jain (Senior Consultant), Rajat Sharma (Senior Associate) and Riddhima Sethi (Associate).
The analysis on intellectual property aspects was led by Arun Prabhu (Partner – (Co-Head – Digital + | TMT)), with assistance from Apoorva Sundar (Principal Associate).
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 was led by Raghubir Menon (Regional Practice Head – M&A and Private Equity), Taranjeet Singh (Partner), Kushal Sinha (Partner), and Dhrupad Pant (Partner), along with Ishita Sehgal (Principal Associate), Associates Hetal Doshi and Mihira Jaggi.
The Due Diligence team was led by Menon, Singh, Pant, Sinha, and Bhoumick Vaidya (Partner), along with Principal Associates Harshini Kotecha, Vardhman Mehta, Ishita Sehgal; Senior Associates Shrungar Bhuva, Aakarsh Nashier, Asmita Hegde, Tasneem Zaveri; Veda Handa; Associates Mihira Jaggi, Gunjan Shrivastav, Anushka Agarwal, Yash Bhansali, Khushi Joshi, Nazish Prabhakar, Shivam Tiwari, and Rahul Rajasekar.
The Competition team was led by Harman Singh Sandhu (Partner), along with Rahul Shukla (Principal Associate), Sonali Charak (Principal Associate), Associates Anushka Gupta, Kajal Jamdare and Mouli Jain.
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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