Latest news with #EQT-owned
Economic Times
26-05-2025
- Business
- Economic Times
EQT firm Sagility B.V. to offload up to Rs 2,671 crore stake in Sagility India via offer for sale
Private equity firm EQT-owned firm Sagility B.V., a promoter entity of Sagility India, plans to sell shares worth up to Rs 2,671 crore ($314.7 million) through an offer-for-sale window, according to an exchange filing. The OFS will open for non-retail investors on May 27 and for retail and non-retail investors on May 28. ADVERTISEMENT The base offer comprises up to 346.13 million equity shares, representing a 7.39% stake in the company. An oversubscription option of 356.87 million shares could take the total offer size to 703 million shares — or as much as 15.02% of Sagility's outstanding equity capital. The floor price for the offer is set at Rs 38 per share, reflecting an 11.4% discount to the stock's last closing price of Rs 42.87 on the NSE as of May 26. At the floor price, the base offer is valued at Rs 1,315 crore ($154.9 million), while the full offer could fetch up to Rs 2,671 crore ($314.7 million). The entire transaction is a secondary sale, with no fresh issue of shares. Sagility India, a provider of business process management services, launched its Rs 2,106 crore IPO in November last year, which was subscribed over three times. That issue, too, was entirely an offer-for-sale of 702.2 million shares by Sagility B.V. The promoter group currently holds an 82.39% stake in the company. (You can now subscribe to our ETMarkets WhatsApp channel)
NDTV
21-04-2025
- Business
- NDTV
Adani Group Plans Data Centres In India With $10 Billion-Plus Investment
New Delhi: The Adani Group plans to invest an additional $10 billion (Rs 1000 crore) to build data centers in India, riding high on the growing demand for artificial intelligence and business process-led services, reported Bloomberg. The Group has identified Andhra Pradesh, Maharashtra, Gujarat and Tamil Nadu as possible locations for two data centers of about 1 gigawatt capacity each, the news agency reported quoting un-named sources. Land acquisition is in progress for the project. The aim is to scale up the data center portfolio to 10 GW over time, the report said. With plans to invest $5.9 billion (Rs 590 crore) for data center infrastructure in Maharashtra, the Group is doubling down on this sector, with an eye on business from foreign governments. Adani Enterprises also has a 50:50 joint venture with Sweden's EQT-owned EdgeConnex Inc, called AdaniConnex Pvt. It has one operational data centre in Chennai and is building facilities in Mumbai, Pune and Hyderabad. Reports say the company is currently in discussions with several international banks to secure an offshore loan in the range of $1.2-1.4 billion. The transaction is expected to be finalized in the coming weeks. The expansion plans are in view of expectations that demand for data centers will soon outstrip supply in India. Last year, global capability centers powered a record 77.2 million square feet of office space leasing in India's key cities. The biggest such complexes by capacity are located in the US and owned by tech giants. By comparison, the largest data centers operating in India currently have less than 1 GW of capacity, Bloomberg reported.
