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Infrastructure major Larsen & Toubro (L&T) on Tuesday said it has entered into an agreement to transfer its data centre and cloud services business to wholly owned subsidiary Vyoma.AI Ltd for Rs 1,400 crore. The transfer will be carried out on a going-concern basis through a slump sale, the company said in a filing to BSE. The consideration, subject to closing adjustments, will be discharged through the issue of fully paid-up equity shares of Vyoma.AI. "Consideration estimated to be Rs 1,400 crore, subject to closing adjustments. The consideration for the ....transfer shall be discharged by Vyoma through issuance and allotment of fully paid up equity shares of face value of Rs 100 each to the company, based on the valuation determined by an independent valuer," the filing said. In a separate transaction, L&T, Vyoma.AI and L&T Network Services Pvt Ltd (LTNSPL) have entered into a share purchase agreement for the transfer of L&T's entire equity holding in LTNSPL to ..
Mumbai ranks 15th globally in terms of total operational data centre capacity while Hyderabad is at 27th position, according to Knight Frank. Real estate consultant Knight Frank on Thursday released a report 'Knight Frank Global Data Centre Atlas 2026' that compares 36 leading global data centre markets across North America, Europe, Asia-Pacific, the Middle East and Africa. Mumbai ranked 15th globally by operational data centre capacity and 11th globally by development pipeline. "With 774 MW of live IT capacity and nearly 5 GW of pipeline capacity, Mumbai has firmly established itself as India's gateway data centre market and one of Asia-Pacific's leading digital infrastructure hubs," the consultant said. Hyderabad ranked 27th globally in live operational capacity (151 MW) while climbing to 19th globally by future development pipeline (over 2.2 GW). The report has evaluated markets using two key indicators -- a) Live IT Capacity the amount of operational IT power (measured in ..