Bharti Airtel will hold around 75% of Nxtra, while Carlyle will hold a stake of 25% at $235 million
New Delhi, July 1 -- Nxtra is a wholly-owned subsidiary of Bharti Airtel. And, in a recent development, The Carlyle Group on Wednesday have agreed to invest $235 million in Nxtra. With this deal, the enterprise value of Nxtra becomes $1.2 billion. Thus, Carlyle will hold a stake of about 25% in the business upon completion of the transaction. Airtel will continue to hold the remaining stake of around 75%. The transaction is subject to the necessary regulatory approvals. This includes approval from the Competition Commission of India, Airtel said in a statement.
About Nxtra
Headquartered in New Delhi, Nxtra from Airtel offers secure data centre services to leading Indian and global enterprises, hyperscalers, start-ups, SMEs and governmen...
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