Sify Infinit receives SEBI approval for India’s first data centre IPO (India)

Data centre co-location provider Sify Infinit Spaces has received approval from the Securities and Exchange Board of India (SEBI) for its draft red herring prospectus, clearing the way for an initial public offering (IPO). Sify Infinit Spaces plans to raise Rs 37 billion through the IPO, comprising an offer for sale of Rs 12 billion and a fresh issue of Rs 25 billion. The proceeds from the fresh issue will be used to support major expansion plans, including the completion of a data centre tower in Chennai and the construction of two additional towers at its Navi Mumbai campus. These projects together account for a capex of over Rs 13 billion. Further, an additional Rs 6 billion will be utilised for debt reduction, with the remaining funds allocated towards general corporate purposes.

KM Birla increases stake in Vi through open market purchases

Vodafone Idea Limited (Vi) promoter Kumar Mangalam Birla has increased his holding in the telecom company through open market transactions, acquiring a total of 40.9 million shares between January 30 and February 1, 2026. Of the total acquisition, about 22.1 million shares were purchased on January 30, 2026 at an average price of Rs 10.95 per share, reflecting a 5.5 per cent discount to the previous closing price. A further 18.8 million shares were bought on February 1, 2026 at an average price of Rs 11.13 per share, representing a 3.8 per cent discount. Together, these transactions account for approximately 0.03 per cent of the company’s outstanding equity.

CLINT to divest minority stakes in three data centre assets for Rs 7 billion

CapitaLand India Trust (CLINT) has entered into agreements to divest minority stakes in three under-development data centre assets to the CapitaLand India Data Centre Fund (CIDCF), which is managed by CapitaLand Investment (CLI). Under the transaction, CIDCF will acquire a 20.2 per cent stake in each of the three data centre assets. As per CLI, the total purchase consideration for the deals is estimated at Rs 7 billion (around SGD 99.7 million). As part of the arrangement, CIDCF will also receive a right of first offer to acquire a stake in CLINT’s fourth data centre project, CapitaLand DC Bangalore, located in Bengaluru. Further, CIDCF will finance the acquisitions using equity raised during its first close, which was anchored by a third-party global institutional investor and amounted to around SGD 150 million.

Vi promoters earmark shares worth Rs 35.29 billion to clear legacy merger liabilities

Vi’s promoters have earmarked 3.28 billion equity shares, valued at Rs 35.29 billion, to settle legacy liabilities linked to the merger of Vodafone India and Idea Cellular. This follows Vi’s decision to amend an agreement with its Vodafone promoter group to secure the recovery of nearly Rs 58.36 billion associated with liabilities arising from the 2017 Vodafone-Idea merger. Under the revised recovery framework, Rs 23.07 billion will be paid in cash by Vodafone promoters over the next 12 months. The remaining amount will be secured through 3.28 billion equity shares held by three Vodafone group promoter entities, Euro Pacific Securities Limited, Omega Telecom Holdings Private Limited and Usha Martin Telematics Limited.

Telenor exits Thailand with $3.9 billion True Corporation sale (Thailand)

Nordic operator Telenor has agreed to sell its stake in Thailand’s True Corporation for NOK 39 billion ($3.9 billion), ending 25 years in the Southeast Asian market as it continues to scale back its Asia presence and refocus on its Nordic core. Under the deal, Telenor will sell its 24.95 per cent stake in True to Arise Digital Technology Company for NOK 32.3 billion. The parties have also agreed on an option for Arise to acquire Telenor’s remaining 5.35 per cent stake within the next two years for a further NOK 6.9 billion.

STT GDC acquired by KKR and Singtel (Singapore)

ST Telemedia Global Data Centres (STT GDC) has been acquired in what is being described as one of Southeast Asia’s largest digital infrastructure transactions. KKR, Singtel and founding shareholder ST Telemedia have signed definitive agreements under which funds managed by KKR and Singtel will buy the remaining 82 per cent stake in STT GDC from ST Telemedia for around $5.1 billion. After completion, KKR and Singtel will hold 75 per cent and 25 per cent respectively, factoring in the conversion of existing redeemable preference shares held by both investors.

Digital Realty to acquire Malaysian data centre owner CSF Advisers (Malaysia)

Digital Realty has entered the Malaysian data centre market after signing an agreement to acquire CSF Advisers, the owner of TelcoHub 1 in Cyberjaya, one of the most established data centre hubs in the Greater Kuala Lumpur region. The company said the move strengthens its Southeast Asia platform and supports rising digital infrastructure demand in Malaysia. TelcoHub 1 is an operational 1.5 MW facility and is positioned as a major dark fibre interconnect hub, with more than 6,000 fibre cores from regional and long-haul routes landing at the site. Alongside TelcoHub 1, Digital Realty has also agreed to acquire adjacent land that can support up to 14 MW of IT load, providing room for future expansion.