Yotta Data plans to seek $500 million private credit for its data centre parks

Yotta Data Services Private Limited is reportedly planning to secure around $500 million to invest in its data centre parks.

The company is currently in discussions with private credit funds such as Oaktree Capital Management LLP, Cerberus Capital Management LP, and Davidson Kempner Capital Management LP for this financing.

A bilateral deal is anticipated to be finalised in early 2025, although the terms remain undecided, and bank credit is also being considered as a potential option.