The Yondr-Everstone joint venture, with an initial capitalisation of $1 billion, will support hyperscale clients and service the rapidly growing Indian market, which is projected to exceed $4.5 billion by 2025.
Data centre developer Yondr Group on Tuesday said it has formed a joint venture with private equity firm Everstone Group and will invest over $1 billion (about Rs 7,443 crore) to develop and operate data centres across India.
The joint venture, with an initial capitalisation of $1 billion will support hyperscale clients and service the rapidly growing Indian market, which is projected to exceed $4.5 billion by 2025, a statement said.
“The investment will be used to fund the development and operation of multi-locational hyperscale data centre business across important geographies in India, including but not restricted to the metros of Mumbai Metropolitan Region, Hyderabad, Bangalore, Chennai and National Capital Region (Delhi),” it added.
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.