Real estate player Anant Raj has announced that it will demerge its data centre business and cloud operations into a separate company named Ashok Cloud, which will act as a dedicated digital infrastructure and cloud services firm and will be listed independently on the stock exchanges BSE and NSE.
Anant Raj on Tuesday laid out the restructuring scheme. The company will first consolidate all its data centre and cloud operations under one entity before carving them out into Ashok Cloud, which will be engaged in the business of providing data centre and co-location services, sovereign public cloud services and AI-ready cloud infrastructure, DC & DR services, including cloud migration, data backup solutions and other allied activities.
