Trilegal acts on RMZ Group - Colt Data Centre Services $1.7 bn JV

Trilegal advised RMZ Group on its Joint Venture with Fidelity owned Colt Data Centre Services to develop and operationalise data centres across India.

The parties have committed $1.7 billion through a mix of debt and equity, to develop three data centres

Trilegal handled the structuring the transaction; due diligence of the data center projects, drafting, negotiating and finalised the transaction documents.

The Trilegal Corporate transaction and diligence team advising on the matter was led by Sai Krishna Bharathan (Partner) and Upasana Rao (Partner) and comprised Saamir Askari (Senior Associate), Paulose Abraham (Senior Associate), Vedangini Bisht (Associate) and Jahanvi Grover (Associate).

The Real Estate Team advising on the matter was led by Monika Bhonsale (Partner) and comprised Maithili Vagal (Senior Associate) and Uday Shah (Senior Associate).

The Labour and Employment Team advising on the matter was led by Apeksha Mattoo (Partner) and supported by Rina Goyal (Counsel) and Prachi Kulkarni (Associate).

RMZ entered into the JV through its subsidiary RMZ Digital Infrastructure Partners on November 19 

As a part of this transaction, RMZ Group entities will acquire stakes in two data centres - in Navi Mumbai and Chennai – as the initial projects that will form part of the platform. The JV is considering cities like Pune and Hyderabad for its third centre, though the location is yet to be finalised.

The Navi Mumbai centre is expected to have a capacity of 134 megawatts (MW) and the Chennai facility, a capacity of 80 MW. The three centres will have a combined capacity of 250 MW over the next three to five years.

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