Sify Infinit eyes $4 bn fundraise for data centre growth, plan for IPO holds
Mumbai, Aug. 11 -- Sify Infinit Spaces, the first company to have built a commercial data centre in India, is confident of raising up to $4 billion through debt and public markets over the next four years to expand its capacity, even as uncertainties from the prolonged West Asia war have delayed its plans to go public and a potential threat of dwindling prices of data centre services looms large.
In an interview with Mint, Sharad Agarwal, chief executive of Sify Technologies Ltd's data centre subsidiary, said the firm will rely on its own cash flow to expand its data centre capacity by 10-20%, after which it will seek funds by raising debt, taking the subsidiary public, and offering follow-on offers to invest to institutional investors....
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