CtrlS Datacenters plans $300 million IPO as India's data centre sector surges. The Hyderabad-based digital infrastructure provider has begun banker discussions targeting a listing by fiscal year end, capitalizing on explosive growth in the segment. India's data centre capacity is projected to exceed 2 GW by 2026, doubling from current levels, with potential fivefold expansion to 8 GW by 2030. This boom reflects rising AI adoption and cloud computing demand. CtrlS joins competitors Sify Infinit Spaces and Yotta Data Services in pursuing public listings. Recent government tax incentives extending through 2047 for foreign cloud companies using Indian data centres have further accelerated investment. The sector is attracting major capital, evidenced by Bharti Airtel's $1 billion Nxtra investment valuing it at $3.1 billion and Blackstone's $1.
Post from MarketNews_en
Log in to interact with content.