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RIL teams up with Brookfield, Digital for data centres
Mint Mumbai
|July 25, 2023
Reliance Industries Ltd (RIL) is joining hands with Brookfield Infrastructure Partners Lp and Digital Realty Trust Inc. in a three-way venture for setting up special purpose vehicles (SPVs) aimed at developing data centres in India. RIL will hold a 33.33% stake in the SPVs, a joint statement by the three partners said.
RIL will join a previously announced joint venture between Digital Realty and Brookfield Infrastructure, holding an equal stake in the partnership, the statement said on Monday. Digital Realty is a cloud and data centre solutions provider.
The joint venture will develop high-quality, highly connected, scalable data centres to meet the critical infrastructure needs of enterprises and digital services companies in India and will be renamed Digital Connexion, the statement said.
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