Kotak Mahindra Bank arm to invest Rs 1,000-crore in Sify’s datacenters biz

Mumbai: A distressed assets focused fund promoted by a Kotak Mahindra Bank arm on Monday announced a Rs 1,000-crore investment in the data centre business of Sify Technologies. The investment in Sify Infinit Spaces will help the company invest up to Rs 4,000 crore in building data centres in Mumbai, Noida, Chennai, Bangalore and Hyderabad and also invest in renewable energy assets for the company’s assets, a statement said.