Under the proposed restructuring, Anant Raj Ltd will continue as the group’s real estate and infrastructure company, while Ashok Cloud Private Limited will become a dedicated digital infrastructure and cloud services business focused on data centres, cloud services and artificial intelligence (AI) workloads.
The company said the scheme, which requires approval from the National Company Law Tribunal (NCLT) under Sections 230 to 232 of the Companies Act, 2013, along with other statutory and regulatory approvals, is aimed at enabling both businesses to pursue independent growth strategies and create long-term value for shareholders.
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Two separately focused listed companies
As part of the restructuring, Anant Raj will first consolidate all its data centre and cloud operations under a single entity before carving them out into Ashok Cloud Private Limited, which will subsequently be listed independently.
Following the demerger, Anant Raj Ltd will continue to focus on its core businesses of real estate and infrastructure development, including residential townships, luxury housing, commercial developments and hospitality projects.
Ashok Cloud Private Limited will operate as a dedicated digital infrastructure and cloud services company. Its business will include advanced data centres, co-location services, sovereign public cloud offerings, AI-ready cloud infrastructure, disaster recovery and data centre services, cloud migration, data backup solutions and other allied services.
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Share entitlement
Upon the scheme becoming effective, eligible shareholders of Anant Raj Ltd will receive one fully paid-up equity share of face value ₹2 each in Ashok Cloud Private Limited for every one fully paid-up equity share of face value ₹2 held in Anant Raj Ltd.
The company said the scheme will not result in the cancellation of Anant Raj’s existing shareholding in Ashok Cloud Private Limited, and the company will continue to remain a subsidiary of Anant Raj Ltd.
Strategic rationale
According to the company, the restructuring reflects the evolution of the group into two businesses with different growth drivers, capital requirements and operating models.
The proposed demerger is expected to create dedicated management teams for each business, provide independent strategic direction and operational focus, enable separate market recognition and valuation of the data centre and cloud services business, and allow eligible shareholders to directly participate in the long-term growth of the standalone digital infrastructure business.
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The restructuring will also consolidate all data centre and cloud operations under a single entity, resulting in a simplified corporate structure, streamlined governance, enhanced transparency and faster decision-making. The company said the structure would provide greater flexibility for the cloud business to attract sector-focused investors, strategic partnerships, acquisitions and growth capital.
The scheme remains subject to approvals from the National Company Law Tribunal (NCLT), the Securities and Exchange Board of India (SEBI), stock exchanges, shareholders, creditors and other applicable authorities.
Amit Sarin, Managing Director, Anant Raj Ltd, said, “Our real estate, infrastructure business and Data Centre & Cloud Services Business have evolved into two distinct platforms, each with its own growth trajectory, operational priorities, and capital needs.
As both businesses enter their next phase of expansion, the proposed composite scheme is designed to provide greater strategic focus, management autonomy, and flexibility to pursue long-term value creation.
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By bringing together the data centre and cloud services operations currently housed across Anant Raj Ltd and Anant Raj Cloud Pvt Ltd under one roof, we are creating a more focused and scalable platform that will be well positioned to attract investments, pursue strategic partnerships, and capitalise on emerging opportunities in the digital infrastructure sector.”
Shares of Anant Raj Ltd ended at ₹609.60, down by ₹9.00, or 1.50%, on the BSE.
