Bharti Airtel and Comfort Investments II, an affiliated entity of CAP V Mauritius, an investment fund managed and advised by affiliated entities of The Carlyle Group (together Carlyle), have entered into an agreement under which Comfort Investments II will invest $235 million in Nxtra Data, a wholly owned subsidiary of Bharti Airtel engaged in the data centre business.
The post-money enterprise valuation of Nxtra is approximately $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 transaction is subject to the necessary regulatory approvals, including approval from the Competition Commission of India.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1758.15 |
| Vodafone Idea | 12.19 |
| Indus Towers | 410.70 |
| Tata Communications | 1571.35 |
| Bharti Hexacom Ltd. | 1466.35 |
| View more.. | |
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