Yotta Data Services is reportedly in discussions with global and domestic funds to raise approximately $1 billion for its expansion plans. The promoters are looking to divest a 25-30 per cent stake in the company at a valuation of $3 billion. Kotak Mahindra Capital is advising the promoters on the proposed transaction, with initial bids expected in the coming weeks.
Yotta is simultaneously exploring an initial public offering (IPO), though the listing plans remain at an exploratory stage with various options under consideration. Any potential IPO would take place in India, with no plans currently in place for an overseas listing.
