Carlyle to acquire about 25% stake in Airtel’s data centre business for about ₹1,780 crore

NEW DELHI : Bharti Airtel and Comfort Investments II, an affiliated entity of CAP V Mauritius Limited, an investment fund managed and advised by affiliated entities of The Carlyle Group announced an agreement under which Comfort Investments II will invest US$235 million in Nxtra Data Limited, a subsidiary of Airtel.

The post-money enterprise valuation of Nxtra is approximately US$1.2 billion and Carlyle will hold a stake of approximately 25% in the business upon completion of the transaction, with Airtel continuing to hold the remaining stake of approximately 75%. The company claimed that the transaction is subject to the necessary regulatory approvals, including approval from the Competition Commission of India.

Headquartered in New Delhi, Nxtra offers data centre services to Indian and global enterprises, hyperscalers, start-ups, SMEs and governments.