Debt financing
Yotta Data Services raises Rs.1,357-Cr from State Bank
Mumbai-headquartered digital transformation service provider Yotta Data Services and its subsidiary NMDC Data Centre have raised over INR 1,357 crore through a long-term secured loan from State Bank of India.The company has raised this debt against its two data centres in Navi Mumbai by hypothecating the assets. Certain receivables from the company’s data centre in Mumbai’s central suburb Powai have also been pledged to secure the loan.
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