Anant Raj to demerge data centre arm into separately listed company

Anant Raj Limited's Board has approved a Composite Scheme of Arrangement to demerge its data centre and cloud services business into Ashok Cloud Private Limited, which will emerge as a separately listed digital infrastructure company. Eligible shareholders will receive 1 equity share of face value Rs 2 in Ashok Cloud for every 1 share held in Anant Raj. Anant Raj currently operates 28 MW of IT load capacity and targets 307 MW by FY32, backed by planned capex of around USD 2.1 billion.