Anant Raj To Demerge Data Centre Business Into Separately Listed Ashok Cloud

Anant Raj Ltd has approved a demerger of its data centre and cloud business, paving the way for a separate stock market listing of the digital infrastructure business. Under the proposed scheme, these operations will be consolidated under Ashok Cloud Pvt. Ltd., while Anant Raj will continue to operate its real estate and infrastructure businesses.

The proposal was approved by the company's board through a composite scheme of arrangement. It will now require regulatory, judicial and shareholder approvals before it can take effect.

The announcement lifted investor sentiment, with the Anant Raj share price closing 1.11% higher at ₹616.35 on 22 July 2026 on the Bombay Stock Exchange.

Why Is Anant Raj Demerging Its Data Centre Business?

The company said its real estate business and digital infrastructure operations have reached a stage where they require separate strategies and capital allocation. By housing the data centre and cloud businesses under a dedicated entity, it expects each business to pursue its own expansion plans with greater operational focus. The proposed restructuring is aimed at giving each business greater strategic focus and management independence.

Under the scheme, the company's data centre assets and cloud operations will be brought together under Ashok Cloud Pvt. Ltd., which will later seek an independent stock market listing. The company will provide data centre infrastructure, co-location services, sovereign public cloud offerings, AI-ready cloud infrastructure, disaster recovery (DC & DR) services, cloud migration and data backup solutions, among other digital services.

Managing Director Amit Sarin said the move is designed to support the next phase of expansion for both businesses by allowing them to pursue their own long-term growth plans and capital requirements. He added that combining the group's data centre and cloud businesses into a single platform is expected to improve scalability while supporting future investments and strategic partnerships.

What Does The Demerger Mean For Shareholders?

Eligible shareholders of Anant Raj Ltd will receive one fully paid equity share of face value ₹2 in Ashok Cloud Pvt. Ltd. for every one fully paid equity share of face value ₹2 held in Anant Raj Ltd once the scheme becomes effective.

The company clarified that the transaction will not cancel Anant Raj's existing holding in Ashok Cloud Pvt. Ltd. Even after the restructuring, Ashok Cloud will continue to remain a subsidiary of Anant Raj.

The proposed scheme still requires approvals from the NCLT, SEBI, the stock exchanges, shareholders, creditors and other regulatory authorities before it can be implemented.

The company said the demerger is also expected to enable independent market recognition for its digital infrastructure business while allowing eligible shareholders to participate directly in the future growth of the newly listed company.

How Is Anant Raj Expanding Its Digital Infrastructure Business?

Anant Raj currently operates 28 MW of IT load across its data centre campuses in Manesar and Panchkula. It plans to increase total capacity to 307 MW by FY32 across Manesar, Panchkula and Rai, supported by a planned investment of around USD 2.1 billion.

In the medium term, the group remains on track to build an installed IT load capacity of about 117 MW by FY28 across its key locations.

The company has also been expanding its cloud business alongside physical infrastructure. In June 2024, it partnered with Orange Business, the French IT and telecom services provider, to offer managed cloud services in India.

The latest restructuring brings those cloud operations together with the data centre business under a single entity as the company prepares for the next stage of growth in digital infrastructure.

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