The Competition Commission of India (CCI) has approved the proposed acquisition of compulsorily convertible preference shares and equity of Nxtra Data by Comfort Investments II.
The proposed combination pertains to the acquisition of compulsorily convertible preference shares and a few equity shares of Nxtra Data by Comfort Investments II. The CCPS will be converted to equity shares upon completion of the valuation.
Comfort Investments II is a special purpose vehicle incorporated in Mauritius, created for the purpose of the proposed transaction and owned and controlled by the investment funds advised by affiliates of the Carlyle Group. The Carlyle Group is a global alternative asset manager, which manages funds that invest globally.
Nxtra Data, an unlisted entity incorporated in India, is a fully-owned subsidiary of Bharti Airtel which offers an integrated portfolio of colocation, cloud and managed services across India through its 10 data centres (including two partner data centres in Mumbai) across seven locations.