Kotak Data Center Fund (KDCF), managed by Kotak Alternate Asset Managers (KotakAlt), has invested Rs 600 crore in Sify Infinit Spaces (SISL), a wholly-owned subsidiary of Sify Technologies.

The current investment is in the form of compulsorily convertible debentures, which will be converted into equity based on SISL's successful operation over a predetermined reference period. With this transaction, the total equity commitment of KotakAlt-managed funds to Sify Infinit has reached Rs 1,600 crore, of which Rs 1,000 crore has been invested to date.

Sify Technologies has received the necessary equity through its agreement with Kotak. With this, the company aspires to increase capacity in the most modular form possible, while also using the most cutting-edge and cost-effective technology.

In the partnership with Kotak, Sify Technologies seeks the required equity for scaling its data centre capacity to align with customer demand in the most modular design, while also deploying the cutting-edge and cost-effective technology.