Indian real estate and infrastructure development firm Anant Raj Limited has proposed a strategic restructuring that will see the company spin out a separate entity that controls its data center and cloud services operations under the name Ashok Cloud Private Limited.
Anant Raj will, according to a press release, consolidate all of its data center and cloud operations under one entity before carving them out into Ashok Cloud Private Limited. This will create two separately listed companies, each with its own focus. The move comes as, according to Amit Sarin, Anant Raj Managing Director, the firm’s operations have evolved to become two distinct platforms, each with its own growth trajectory, priorities, and capital needs.
“By bringing together the data centre and cloud services operations currently housed across Anant Raj Ltd and Anant Raj Cloud Pvt Ltd under one roof, we are creating a more focused and scalable platform that will be well positioned to attract investments, pursue strategic partnerships, and capitalize on emerging opportunities in the digital infrastructure sector,” said Sarin.
The company says that while Ashok Cloud will become a dedicated digital infrastructure and cloud services company, Anant Raj will continue to focus on its core businesses of real estate and infrastructure development.
“We believe this sharpened strategic alignment will enhance operational agility, unlock new opportunities across both businesses, and deliver sustainable long-term value for shareholders and all stakeholders,” the MD said.
Should the demerger receive all statutory, regulatory and judicial approvals, eligible Anant Raj shareholders will receive one fully paid-up equity share in Ashok Cloud with a face value of Rs 2 for every Anant Raj share held with a face value of Rs 2. Anant Raj will retain its existing shareholding in Ashok Cloud with the spun-off firm remaining a subsidiary of Anant Raj.
The firm says that once the demerger has been approved, the simplified corporate structure will streamline governance, enhance transparency, and allow decisions to be made faster. Moreover, the separation will allow Ashok Cloud to attract resources for its growth requirements and pursue strategic investments and partnerships unlocking value for shareholders.
Anant Raj has three data center interests in Haryana, India. These include a facility in Gurugram certified for 21 MW of IT load, a hyperscale facility under construction in Sonepat with expected capacity of around 200 MW, and an IT park in Panchkula being retrofitted into an edge hub with up to 57 MW of capacity.