US-primarily based Carlyle Group on Wednesday stated it will spend $235 million (around Rs 1770 crore) for around twenty five per cent stake in Nxtra Knowledge Ltd, an arm of Bharti Airtel engaged in the facts centre organization.
The post-funds business valuation (or valuation immediately just after expense) of Nxtra is around $one.2 billion and Carlyle will maintain a stake of around twenty five% in the organization on completion of the transaction, with Airtel continuing to maintain the remaining stake of around 75%, Bharti Airtel stated in a statement.
The transaction is matter to the needed regulatory approvals, like approval from the Levels of competition Commission of India.
Experts feel that the providers have started unlocking the valuations of their inner belongings and it is a step in the ideal way.
“The telecom providers very first started by sale of tower belongings, now it is the facts centres thanks to