Technology10/3/2025Bloomberg

India Data-Center Firm to File for $500 Million IPO in Two Weeks

India Data-Center Firm to File for $500 Million IPO in Two Weeks

Sify Infinit Spaces Ltd., an Indian data-center firm, is planning to file for a $500 million initial public offering (IPO) within the next two weeks. This potential IPO could make Sify Infinit Spaces the first Indian data-center operator to list on the stock exchanges. The company, which is a subsidiary of Sify Technologies Ltd., operates multiple data centers across India and caters to various industries, including IT, e-commerce, and telecommunications. The upcoming IPO is expected to help Sify Infinit Spaces raise funds to expand its data-center infrastructure and meet the growing demand for data storage and processing services in the country. The IPO's proceeds will also be used to repay existing debt and for general corporate purposes. The move comes as India's data-center market is experiencing rapid growth, driven by the increasing adoption of cloud computing, the rise of e-commerce, and the government's push for digital initiatives.

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