Latest news with #SifyInfinitSpacesLtd
Time of India
2 days ago
- Business
- Time of India
Sify's Indian data-center unit plans $500 million IPO
Sify Technologies Ltd.'s data-center unit is preparing to submit a preliminary filing with the Indian regulator for an initial public offering that may fetch $500 million, according to people familiar with the matter. Sify Infinit Spaces Ltd. plans to file a so-called draft red herring prospectus with the Securities and Exchange Board of India in the coming weeks, the people said, asking not to be identified because the information isn't public. The company, backed by Kotak Private Equity Group , is considering the sale of new and existing shares for the offering, which would value it at about $3 billion, they said. Deliberations are ongoing and the plan may change, they said. Demand for data center s has been on the rise with the expansion of artificial intelligence, and India is no exception. The country's data center capacity is poised to grow by 77% to 1.8 gigawatts in the next four years, according to a 2025 report by property consultant JLL. Sify Infinit is one of India's data-center pioneers, commissioning its first facility in 2000. It operates 14 data centers across India, offering about 188 megawatts of power, according to the company's annual report. The company has raised 16 billion rupees ($182 million) in two rounds from Kotak's Special Situations Fund and Kotak Data Center Fund through compulsory convertible debentures, according to rating agency ICRA Ltd. Kotak Mahindra Capital Co., Morgan Stanley, JPMorgan Chase & Co., Citic Securities Co. and JM Financial Ltd. have been appointed as bookrunners for the IPO, the people said. Representatives for Sify and the banks didn't respond to requests for comment. Sify would be joining a growing list of companies tapping into the IPO market. Since January, Indian IPOs have raised over $8 billion, according to data compiled by Bloomberg. Jefferies Financial Group estimates that Indian companies will raise $18 billion in the second half of 2025.
Time of India
3 days ago
- Business
- Time of India
Sify's Indian data-center unit plans $500 million IPO
Sify Technologies Ltd.'s data-center unit is preparing to submit a preliminary filing with the Indian regulator for an initial public offering that may fetch $500 million, according to people familiar with the matter. Sify Infinit Spaces Ltd. plans to file a so-called draft red herring prospectus with the Securities and Exchange Board of India in the coming weeks, the people said, asking not to be identified because the information isn't public. The company, backed by Kotak Private Equity Group , is considering the sale of new and existing shares for the offering, which would value it at about $3 billion, they said. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Deliberations are ongoing and the plan may change, they said. Demand for data centers has been on the rise with the expansion of artificial intelligence, and India is no exception. The country's data center capacity is poised to grow by 77% to 1.8 gigawatts in the next four years, according to a 2025 report by property consultant JLL. Sify Infinit is one of India's data-center pioneers, commissioning its first facility in 2000. It operates 14 data centers across India, offering about 188 megawatts of power, according to the company's annual report. Live Events The company has raised 16 billion rupees ($182 million) in two rounds from Kotak's Special Situations Fund and Kotak Data Center Fund through compulsory convertible debentures, according to rating agency ICRA Ltd. Kotak Mahindra Capital Co., Morgan Stanley, JPMorgan Chase & Co., Citic Securities Co. and JM Financial Ltd. have been appointed as bookrunners for the IPO, the people said. Representatives for Sify and the banks didn't respond to requests for comment. Sify would be joining a growing list of companies tapping into the IPO market. Since January, Indian IPOs have raised over $8 billion, according to data compiled by Bloomberg. Jefferies Financial Group estimates that Indian companies will raise $18 billion in the second half of 2025.
The Hindu
24-07-2025
- Business
- The Hindu
A.P. Cabinet approves ₹80,000 crore investment proposals
Proposals involving over ₹80,000 crore worth of investments were ratified, with the potential to generate more than 1.5 lakh new jobs across sectors, in a landmark e-Cabinet meeting chaired by Andhra Pradesh Chief Minister N. Chandrababu Naidu at the State Secretariat here on Thursday. The State government approved a series of investment, infrastructure, and policy decisions aimed at rapid industrial growth and inclusive development, informed Kolusu Parthasarathy, Minister for Information & Public Relations, at a press conference after the Cabinet meeting. He said that the resolutions reflected the coalition government's dual commitment to welfare and development, laying strong policy foundations for the State's economic future. Electronic Components Policy A major highlight was the approval of the Andhra Pradesh Electronic Components Manufacturing Policy 4.0 (2025–30), which aims to attract significant domestic and global investments in the electronics ecosystem. The State will offer a host of incentives including upfront and matching subsidies, interim support, and plug-and-play manufacturing facilities in identified zones such as Sri City, Orvakal, Kopparthi, and Hindupur. Land allotments Several land allotments and incentive packages were cleared for IT and infrastructure development in Visakhapatnam. These include: 0.45 acres to Phenom People Pvt. Ltd. for an IT campus at Rushikonda with ₹207 crore investment and 2,500 job potential, 3.6 acres to Sify Infinit Spaces Ltd. at Madhurawada and 50 acres at Paradesipalem for a ₹16,466 crore project, employing 600, an extent of 30 acres to Sattva Developers Pvt. Ltd. for a ₹1,500 crore IT park to create 25,000 jobs, 10.29 acres to ANSR Global Corporation Pvt. Ltd. for a ₹1,000 crore campus promising 10,000 jobs, and 30 acres to BVM Energy and Residency Pvt. Ltd. for a ₹1,250 crore project generating 15,000 jobs. Land Regularisation Scheme The Cabinet also approved amendments to the Land Regularisation Scheme (LRS-2020) and sanctioned further land pooling up to 1,941 acres in Anakapalli and across the Visakhapatnam-Vizianagaram-Anakapalli region under the 2016 land pooling regulations. Water infrastructure and septage management projects under AIIB funding were also cleared. Several key industrial investment proposals were ratified, including those from Sreeja Mahila Producer Company Ltd., JSW AP Steel Ltd., Greenlam Ltd., Axxelent Pharma Science Pvt. Ltd., Agastya Energy Industries Private Limited (AEIPL), Renew Photovoltaics, Laurus Labs, and Ace International. Power projects Energy sector decisions involved approvals for biogas, solar, wind, and pumped storage power projects, including cancellations of delayed ones and project reallocations. In a notable green energy push, the Cabinet cleared the Amaravati Green Hydrogen Valley declaration. In Kadapa district, JSW Neo Energy Ltd. received the approval to shift 400 MW of its sanctioned solar capacity to Sunnapuralapalle and nearby villages. Urban development gained momentum with approvals for Phase-1 of metro rail projects in Visakhapatnam worth ₹11,498 crore and Vijayawada amounting to ₹10,118 crore, with tenders for 40% of the project cost set to be floated.
