Carlyle continues India investment with Nxtra stake

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Freshfields Bruckhaus Deringer and L&L Partners advised entities within the Carlyle Group when it agreed to acquire a 25% stake in Bharti Airtel’s data centre arm, Nxtra Data.

Bharti Airtel, which will retain the remaining 75% stake, used in-house lawyers led by group GC Sameer Chugh.

The US$235 million deal was signed on 1 July and will close when the necessary regulatory approvals are received, including approval from the Competition Commission of India.

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