Acquisition Details
Target Entities:
- Rochak Systems Private Limited ('Rochak')
- Rovision Tech Hub Private Limited ('Rovision')
Type of Deal: Acquisition of minority stake (up to 85% each) through one or more tranches
Stake: Up to 85% stake in each company
Deal Value: Not disclosed due to reasons of confidentiality. Acquisition shall be done at agreed valuation.
Funding Source: Cash consideration
Financial Impact: Not disclosed in the filing. Both target companies are yet to commence commercial operations.
Timeline: Completion timeframe to be "as mutually agreed between the parties"
Strategic Rationale: Expansion of Data Centre business by Nxtra Data Limited. Both target companies propose to engage in the business of developing land for construction of data centre.
Approval Status: No governmental or regulatory approvals required for the acquisition
Related Party Status: Acquisition does not fall within the purview of related party transactions. Any subsequent tranches that might fall within related party transactions shall be done at arm's length.
Target Company Background
Rochak Systems Private Limited:
- Incorporated on May 19, 2025
- Recently incorporated entity in India
- Proposes to engage in developing land for construction of data centre
- Yet to commence commercial operations
Rovision Tech Hub Private Limited:
- Incorporated on May 15, 2025
- Recently incorporated entity in India
- Proposes to engage in developing land for construction of data centre
- Yet to commence commercial operations