New Delhi: The Carlyle Group will soon buy a 25 per cent stake in Airtel’s data center business ‘Nextra Data’ for about Rs 1,780 crore. The company gave this information in a statement to Badhuwar. With this, Nextra’s valuation is expected to be $ 1.2 billion which is more than Rs 9,084 crore. On completion of the agreement, Carlyle will hold a 25 percent stake in the industry and Airtel will hold the remaining 75 percent. New Delhi-based Nextra is a wholly owned subsidiary of Bharti Airtel, which has 10 large data centers in India.
Bharti Telecom, the promoter company of Bharti Airtel, plans to raise $ 1 billion in capital by selling shares. Promoter company Bharti Telecom will sell 2.75 percent stake at Rs 558 per share. Bharti Telecom has approached JP Morgan to raise $ 1 billion by selling 150 million shares at the rate of Rs 558 per share.
This will help the company to be completely free from debt burden. Bharti Telecom holds about 41 percent stake in Bharti Airtel. Sunil Bharti Mittal and his family have about 52 percent stake in Bharti Telecom.
