Key Takeaways
- • KKR, Singtel and Tata Communications have initiated a process to sell their combined stake in STT Global Data Centres India, seeking a valuation above USD 5.5 billion, according to Economic Times as cited by Venture Intelligence News.
- • Advisors have been appointed to run the sale, which is expected to draw interest from global data centre operators, Indian conglomerates and financial sponsors.
- • STT GDC India ranks among the top three colocation providers in India, operating 34 data centres across 10 locations with 613 MW of total capacity.
- • The company reported approximately INR 2,354 crore in FY25 operating income and approximately INR 183 crore in profit after tax.
- • Top 10 customers account for roughly 76% of revenue, with clients including hyperscalers, cloud service providers and financial institutions.
Summary
Private equity firm KKR, telecommunications company Singtel and Tata Communications have initiated plans to sell their collective stake in STT Global Data Centres India, according to reporting by Economic Times, which Venture Intelligence News cited. The shareholders are seeking a valuation in excess of USD 5.5 billion for the company, which is currently one of the top three colocation service providers in the country.
Advisors have been appointed for the sale process. The process is expected to attract interest from global data centre operators, Indian conglomerates and financial sponsors. The company was founded as a joint venture among the three shareholders.
STT Global Data Centres India operates 34 data centres across 10 locations, with a total capacity of 613 MW. Its client base includes hyperscalers, cloud service providers and financial institutions. Its top 10 customers account for approximately 76% of total revenue, a concentration that bidders are likely to scrutinise during due diligence.
For FY25, the company reported operating income of about INR 2,354 crore and profit after tax of about INR 183 crore. The source does not provide a full breakdown of the stake holdings or a timeline for the transaction.
Advisors have been appointed for the sale process. The process is expected to attract interest from global data centre operators, Indian conglomerates and financial sponsors. The company was founded as a joint venture among the three shareholders.
STT Global Data Centres India operates 34 data centres across 10 locations, with a total capacity of 613 MW. Its client base includes hyperscalers, cloud service providers and financial institutions. Its top 10 customers account for approximately 76% of total revenue, a concentration that bidders are likely to scrutinise during due diligence.
For FY25, the company reported operating income of about INR 2,354 crore and profit after tax of about INR 183 crore. The source does not provide a full breakdown of the stake holdings or a timeline for the transaction.
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