SP Group sells data centre construction business for Rs 700 crore

The Shapoorji Pallonji Group is stepping away from its data centre construction business in India. The business has been sold for Rs 700 crore to a consortium of 30 investors, a unique move in the M&A landscape. Among the investors are Ashish Kacholia, Mukul Mahavir Agrawal, Yash Kela, and Nikhil Vora, showcasing a diverse ownership structure for the venture.