Saraf and Partners is acting for Anant Raj Limited (ARL) on the Indian real estate company’s proposed demerger of its data centre and cloud businesses into a consolidated listed subsidiary in a restructuring.
The restructuring involves ARL merging with its subsidiary Anant Raj Cloud Private Limited (ARCPL), and a spinoff off the data centre and cloud assets into Ashok Cloud Private Limited (ACPL) ahead of the latter’s proposed listing in India.
Senior partner Vaibhav Kakkar and partner Debarpan Ghosh led the Saraf transaction team, with the support of senior associate Anuj Garg, and associates Ishaan Gupta and Nikhil Surana.
Partner Akshayy S Nanda led the firm’s competition law team, with associates Rohan Malhotra and Rahul Dhingra advising on certain aspects of the transaction.
Lead transaction adviser Nitin Savara, of Kornerstone Advisors, led the restructuring across workstreams. EY advised on tax structuring, while advocate Atul Sood will serve as lead counsel before the . Corporate Professionals prepared the fairness opinion for the transaction.
Founded by Ashok Sarin, ARL is a BSE and NSE listed company with a diversified portfolio spanning residential townships, commercial developments, hospitality projects and data centre infrastructure. The Ashok Sarin family are company promoters.
ARCPL provides data centre and co-location services, sovereign public cloud services, AI-ready cloud infrastructure, disaster recovery services, cloud migration, data backup solutions and other allied services.
ACPL is an ARL subsidiary providing Indian cloud and data centre services to businesses.
The restructuring aimed to unlock shareholder value by creating two focused listed platforms: one centred on real estate and infrastructure, and the other on digital infrastructure and cloud services, Saraf and Partners said.
