Airtel Data Center Business 24% Stake Sold to Carlyle
Back in July 2020, Nxtra, the data center business of Bharti Airtel announced that the Carlyle Group will take a 25% stake in the company. At the time, Nxtra was valued at USD $1.2 billion. Now, the stake sale is completed. Carlyle Group has picked up a 24.04% stake in Nxtra Data Limited for Rs 17,880 million. On Wednesday, Airtel said, “We wish to submit that upon conversion of 17.88... Read More