Anant Raj Ltd to Demerge Data Center Operations into Ashok Cloud

The board of directors of Anant Raj Ltd approved a Composite Scheme of Arrangement to demerge its data center and cloud operations into a new, independently listed company named Ashok Cloud Pvt Limited. The restructuring will consolidate the digital infrastructure business, which is currently split between Anant Raj Ltd and its subsidiary, Anant Raj Cloud Pvt Ltd, into the new resultant entity.

Under the plan, eligible shareholders of Anant Raj Ltd will receive one equity share of Ashok Cloud Pvt Limited for every one share they currently hold. The separation is intended to create two distinct listed platforms: one focusing on real estate and infrastructure and the other dedicated to digital infrastructure. The company aims to expand its data center capacity to 307 MW by FY32 across locations in Manesar, Panchkula, and Rai, backed by an estimated USD 2.1 billion in capital expenditure.

The restructuring remains subject to regulatory and judicial approvals from the National Company Law Tribunal and the Securities and Exchange Board of India (SEBI). Managing Director Amit Sarin stated that the scheme is designed to provide greater strategic focus and management autonomy as the two business segments enter a new phase of expansion.