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Adani to spinoff data centre arm by 2028

The group will be raising US$2.37 billion in a follow-on share sale in order to fund the spin-off of the data centre business, as well as green hydrogen projects, airport facilities, and greenfield expressways.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

January 22, 2023 | 8:48 PM GMT

Adani to spinoff data centre arm by 2028

Adani's chief financial officer Jugeshinder 'Robbie' Singh. Source: Adani Group

India’s Adani Group, controlled by billionaire Gautam Adani, has announced plans to spin off its data centre business by 2028.

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João Marques Lima

Founder and Editor, The Tech Capital

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