M&A

M&A

Anant Raj to spin out data centre and cloud business

BSE Announcement   Business Standard  

Publicly listed, Delhi-based real estate developer Anant Raj will separate its data centre and cloud services business into a separately listed company, Ashok Cloud.Shareholders of Anant Raj will receive one fully paid-up equity share of Ashok Cloud for every share held in the parent company. The transaction involves the consolidation of data centre and cloud operations into Ashok Cloud, with Anant Raj acquiring 374.3 million equity shares of the subsidiary for over INR 74.86 Cr.Ashok Cloud serves as a dedicated digital infrastructure and cloud services firm, offering colocation services, sovereign public cloud offerings, and AI-ready cloud infrastructure, alongside disaster recovery and data backup solutions. Anant Raj plans to continue its focus on its portfolio of residential, luxury, commercial, and hospitality real estate projects.