AdaniConneX Plans to Raise $900-950 Million

25 Apr 2024 CW Team

AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, is in talks with banks to raise between $900 million and $950 million. The funds will be utilised to support the expansion and development of data centre infrastructure across India.

The discussions come as AdaniConneX aims to capitalise on the growing demand for data centre services in India, driven by increasing digitalization and the adoption of cloud computing technologies. The funds raised will enable the company to accelerate the deployment of data centre facilities and meet the evolving needs of businesses and consumers for reliable and secure data storage solutions.

AdaniConneX's strategic partnership with EdgeConneX, a leading provider of data centre solutions globally, positions it as a key player in India's rapidly expanding data centre market. The joint venture combines Adani's extensive infrastructure capabilities and EdgeConneX's expertise in deploying and operating data centres to deliver world-class facilities across the country.

The planned fundraising underscores AdaniConneX's commitment to supporting India's digital transformation agenda and contributing to the development of robust data infrastructure in the country. By leveraging innovative technologies and strategic partnerships, the company aims to establish itself as a preferred provider of data centre services in the Indian market.

As discussions with banks progress, AdaniConneX remains focused on securing the necessary funding to fuel its growth ambitions and address the increasing demand for data centre capacity in India. The planned capital raise reflects the company's confidence in the long-term prospects of the Indian data centre industry and its commitment to driving innovation and excellence in the sector.

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