Mumbai, June 25 -- Hyderabad-based GScale Energy engaged in the business of providing integrated engineering platform in the data centre engineering and infrastructure solutions sector.

SETL proposed to acquire upto 51% shareholding in GScale Energy through a combination of primary capital infusion and a strategic share-swap arrangement with existing shareholders, committing approximately Rs 190 crore for this phase I investment. As part of a broader phased program, SETL has approved a total investment of approximately Rs 500 crore to be deployed across equity acquisition, capacity expansion and working capital for the combined business, entirely self-funded from the company's cash flows.

The acquisition is expected to expand SETL's eng...