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...