Real estate developer Anant Raj Limited announced it will demerge its data centre business into a new, independently listed entity called Ashok Cloud. This move aims to unlock value and focus on specialized growth in the rapidly expanding data centre market.
Ashok Cloud
New Entity Name
📊 One chart explains it
India Data Centre Capacity Growth (MW)
Takeaway: India's data centre capacity is projected for robust growth, nearly doubling by 2028, reflecting strong digital demand.
⏳ Time Machine
How today’s news fits into the bigger picture
2015
Early data centre investments
Anant Raj began its initial investments in data centre infrastructure, recognizing the growing potential of digital services in India, though the business remained integrated within its broader real estate portfolio.
2020
India's digital growth accelerates
The COVID-19 pandemic significantly accelerated digital adoption in India, leading to a surge in demand for cloud services and consequently, data centre capacity, attracting more investment into the sector.
January 2023
Gujarat Data Center Policy
The Gujarat government introduced its Data Center Policy 2026-2029, offering incentives and promoting large-scale data centre infrastructure, signaling strong governmental support for the sector's growth.
Late 2025
Industry-wide capacity expansion
Major Indian and international players announced significant investments and capacity expansions in India's data centre market, indicating intense competition and robust growth projections for the next few years.
July 2026
Anant Raj demerger announced
Anant Raj's board approved the of its data centre business into Ashok Cloud, aiming to unlock value and specialize in the burgeoning market.
Today
Anant Raj Limited announced the demerger of its data centre business into a new, separately listed entity, Ashok Cloud.
What happens next?
The demerger process will proceed through regulatory approvals, followed by the listing of Ashok Cloud and the allocation of shares to existing Anant Raj shareholders in the coming months.
Anant Raj Limited, a prominent real estate developer, revealed its plan on Tuesday to demerge its data centre business into a separate listed entity, 'Ashok Cloud'. Under this restructuring, existing Anant Raj shareholders will receive shares in the new data centre company. This strategic move aims to enable both entities to pursue their distinct growth strategies, attract specialized investment, and better capitalize on the booming demand for data infrastructure in India. The demerger is expected to provide greater focus and operational flexibility to the data centre segment, which is seeing significant investment and expansion across the country.
💭 If you're wondering…
Shareholders receive shares in the new company, allowing them to directly participate in the growth of the specialized business. It can also lead to a higher combined valuation as the market often values focused entities more effectively than diversified conglomerates.
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