 "airtel")
US-based Carlyle Group on Wednesday said it will invest $235 million (approximately Rs 1770 crore) for approximately 25 per cent stake in Nxtra Data Ltd, an arm of Bharti Airtel engaged in the data centre business.
The post-money enterprise valuation (or valuation immediately after investment) 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%, Bharti Airtel said in a statement.
The transaction is subject to the necessary regulatory approvals, including approval from the Competition Commission
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