"ST Telemedia holds the 74% controlling stake in the India business, with Tata Communications retaining the remaining 26% from the original 2016 joint venture. Bloomberg's framing of the operator as Tata-backed understates the direction of control. The $500m figure is the only one Bloomberg sources to its informants. Indian and Asian outlets summarising the report have circulated a valuation range of $5bn to $5.5bn, with a draft prospectus said to follow in two to three months."
"Investment banks have been invited to pitch for advisory roles next week, with mandates expected to be awarded by the end of May. The listing would slot in ahead of Sify and Yotta in India's first wave of pure data-centre IPOs. STT Global Data Centres India is preparing an initial public offering in Mumbai that could raise up to $500m, Bloomberg reported on Friday, citing people familiar with the matter."
"STT GDC India operates roughly 30 data centres across 10 Indian cities and more than 400 MW of critical IT-load capacity, on its own published numbers. Expansion is running ahead of the listing. In February the company committed ₹4,200 crore (around $500m) to a 45 MW AI-ready campus in Chennai, and it has signed memorandums with the governments of Karnataka, Maharashtra, Telangana and Uttar Pradesh for further sites."
"Timing helps explain the move. KKR and Singtel agreed in February to buy out STT GDC's parent for about $5.2bn, taking the global platform fully private under a 75/25 split. The Mumbai listing would be the first significant liquidity event for the"
STT Global Data Centres India, controlled by ST Telemedia Global Data Centres with a 74% stake, is preparing an initial public offering in Mumbai that could raise up to $500m. Investment banks have been invited to pitch for advisory roles next week, with mandates expected by the end of May. The IPO is positioned among India’s early wave of pure data-centre listings, potentially placing it ahead of Sify and Yotta. The company operates about 30 data centres across 10 cities and more than 400 MW of critical IT-load capacity. Expansion is underway, including a ₹4,200 crore commitment for a 45 MW AI-ready campus in Chennai and site memorandums with multiple state governments. The timing aligns with a February agreement by KKR and Singtel to buy out the parent, taking the global platform private.
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