Yotta Data Said to Hire Advisors for $900 Million India IPO
Server room at the Yotta Data Services data center in Navi Mumbai, India.
Photographer: Dhiraj Singh/BloombergYotta Data Services Pvt. is weighing an initial public offering in Mumbai that could raise as much as $900 million and has engaged investment banks for the process, according to people familiar with the matter.
The data center operator, which runs India’s largest cluster of Nvidia Corp. artificial intelligence processors, has tapped ICICI Securities Ltd. and SBI Capital Markets Ltd. as advisers and is likely to add more banks before filing its draft prospectus in the next two to three months, the people said, asking not to be identified because the information is private.